What the amount cash received by pharoah furniture is

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Problem 1: On August 5, 2021, Pharoah Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $270 each. The cost of shipping the dining sets amounted to $2800 and was paid for by Pharoah Furniture. On December 30, 2021, the consignee reported the sale of 30 dining sets at $770 each. The consignee remitted payment for the amount due after deducting a 6% commission, advertising expense of $520, and installation and setup costs of $700. The amount cash received by Pharoah furniture is

Option 1: $21714.
Option 2: $20494.
Option 3: $23100.
Option 4: $21194.

Reference no: EM132725635

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