Question 1 View Policies Current Attempt in Progress During 2020, Sandhill Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Sandhill for a lump sum of $83.790 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 Type No. of Chairs Lounge chairs $90 560 420 Armchairs Straight chairs 900 During 2020, Sandhillsells 280 lounge chairs, 140 armchairs, and 168 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, 2020F (Round cost per chair to 2 decimal places, s. 78.25 and final answer to decimal places, s. 5,845.) Gross profit realized during 2020 Amount of inventory of unsold straight chairs