Armstrong Corporation manufactures bicycle parts. The company currently has a \($19,500\) inventory of §1 parts that have become obsolete due to changes in design specifications. The parts could be sold for\($7,000\) , or modified for \($10,000\) and sold for \($20,300\) .

Required:
1. Which of the data above are relevant to the decision about the obsolete parts?
2. Prepare an analysis of the decision.