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During 2020, Sheridan Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Sheridan for a lump sum of $53,865 because it is discontinuing manufacturing operations and wishes to dispose of its entire stock. Three types of chairs are included in the carload. The three types and the estimated selling price for each are listed below. Type No. of Chairs 280 Estimated Selling Price Each $90 Lounge chairs Armchairs 210 80 Straight chairs 490 50 During 2020, Sheridan sells 180 lounge chairs, 90 armchairs, and 108 straight chairs. What is the amount of pross profit realized during 2020? What is the amount of Inventory of unsold straight chairs on December 31, 20207 (Do not round relative sales price. Round cost per chair to 2 decimal places, s. 78,25 and final answer to decimal places, es 5,845) Gross pront realized durine 2020 5 Amount of Inventory of unsold straight chairs 5