Walmart offers LuxuryGoods Modern PU Leather Futon w/ Cupholders & Pillows, Black for $169 (orig. $199.99) with free shipping.

Product Description:
* Specifications: Material: Artificial Leather & Iron Backrest & Cushion Angle: 180°: 66.3x38.2x14.8" (LxWxH) 140°: 66.3x36.6x22.8" (LxWxH) 105°: 66.3x32x29.5" (LxWxH) G.W.: 70.4 Lb Color: Black * Package included: 1 x Sofa Bed 1 x Instruction