Armstrong Corporation manufactures bicycle parts. The company currently has a $21,000 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for $9,000, or modified for $12,000 and sold for $22,300. Identify the relevance of the data given in the exercise to the decision about what to do with the obsolete parts. For each of the below put an R if its relevant to the decision and IR if its irrelevant. Type exactly as mentioned or no credit. Current sales value for unmodified part (sell as it) Sales value of modified part Modification costs Current book value of inventory