Question 5 View Policies Current Attempt in Progress During 2017, Marin Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Marin for a lump sum of $60,200 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 400 $90 Armchairs 300 Straight chairs 800 During 2017, Marin sells 100 lounge chairs, 110 armchairs, and 110 straight chairs. What is the amount of gross profit realized during 2017? What is the amount of inventory of unsold straight chairs on December 31, 2017? (Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to 0 decimal places, e.g. 5,845.) Gross profit realized during 2017 Amount of inventory of unsold straight chairs $ Tauthenland And