AE7-8 Benson, Inc. produces three separate products from a common process costing $125,000. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period. Sales Value at Split-off Point Cost to Process Further Sales Value After Further Processing Product 12 $62,500 $125,000 $237,500 Product 14 12,500 37,500 43,750 Product 16 75,000 187,500 275,000 Incorrect. Determine total net income if all products are sold at the split-off point. $ Incorrect. Determine total net income if all products are sold after further processing. $ Incorrect. Using incremental analysis, determine which products should be sold at the split-off point and which should be processed further. Product 12 Should be sold at the split-off pointShould be processed further Product 14 Should be sold at the split-off pointShould be processed further Product 16 Should be processed furtherShould be sold at the split-off point Incorrect. Determine total net income using the results from the previous part of the question. $