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0/1 Question 5 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. During 2020, Kingbird Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Kingbird for a lump sum of $137,655 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. Estimated Selling Price Each I Type No. of Chairs Lounge chairs 920 & Armchairs 690 Straight chairs 1. 610 010 During 2020, Kingbird sells 460 lounge chairs, 230 armchairs, and 276 straight chairs. What is the amount of gross profit realized during 2020? What is the amount of inventory of unsold straight chairs on December 31, 2020? (Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to decimal places, eg. 5,845.) Gross profit realized during 2020 91287 Amount of inventory of unsold straight chairs $ 91287 MacBook Pro