Cot-walker made into furniture? (5-4)

I believe the answer is:

towel-rack

'furniture?' is the definition.
(I know that towel rack is a type of furniture)

'cot-walker made' is the wordplay.
'made' indicates an anagram.
'cot'+'walker'='cotwalker'
'cotwalker' is an anagram of 'TOWEL-RACK'.

'into' acts as a link.

I've seen this clue in the Sydney Morning Herald.

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