Answer the following questions. 1. A company has an inventory of 1,400 assorted parts for a line of missiles that has been discontinued. The inventory cost is $75,000. The parts can be either (a) remachined at total additional costs of $26,000 and then sold for $33,000 or (b) sold as scrap for $4,500. Which action is more profitable? Show your calculations. 2. A truck, costing $100,500 and uninsured, is wrecked its first day in use. It can be either (a) disposed of for $18.500 cash and replaced with a similar truck costing S101,000 or (b) rebuilt for $83,000, and thus be brand-new as far as operating characteristics and looks are concemed. Which action is less costly? Show your calculations. 1. A company has an inventory of 1,400 assorted parts for a line of missiles that has been discontinued. The inventory cost is $75,000. The parts can be either (a) remachined at total additional costs of $26,000 and then sold for $33,000 or (b) sold as scrap for $4.500. Which action is more profitable? Show your calculations. (Only complete the necessary answer boxes.) (b) Remachine Scrap Deduct: Operating income Action is more profitable. 2. A truck, costing S100,500 and uninsured, is wrecked its first day in use. It can be either (a) disposed of for $18,500 cash and replaced with a similar truck costing $101,000 or (b) rebuilt for $83,000 and thus be brand-new as far as operating characteristics and looks are concerned. Which action is less costly? Show your calculations. (Only complete the necessary answer boxes.) (a) Replace (b) Rebuild Deduct: Toal relevant costs Action is less costly