1. She takes the guest bed and I pay her the full price of the remaining furniture.
Huh--you paid 50% of everything, and now you're offering to gift her your 50% of the guest bed, plus pay her 100% of all the other items? I must not be understanding--that wouldn't be fair.
Options 2 is obviously fair and what most people do. You just need to agree to a single valuation system.
