x Your answer is incorrect. During 2020, Grouper Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Grouper for a lump sum of $173,565 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 Type No. of Chairs Price Each Lounge chairs Armchairs 870 Straight chairs 2.030 1.160 $90 80 50 During 2020, Grouper sells 580 lounge chairs 290 armchairs, and 348 straight chairs What is the amount of gross profit realized during 20207 What is the amount of inventory of unsold straight chairs on December 31. 2020? (Round cost per chair to 2 decimal places, s. 78.25 and Pirat answer to decimal places, e5,845) 3835 Gross profit realized during 2020 Amount of inventory of unsold straight chairs $ 51536