Bank Pekao S.A. uses a joint process to produce products MMMM1, NNNN1, OOOO1, and PPPP1. Each product may be sold at its split-off point or processed further. Joint processing costs for a single batch of joint products are $330,000. Other relevant data are as follows:

Product	Sales Value At Split-Off	Additional Costs of Processing	Sales Value of Final Product
MMMM1	$47,000	$51,000	$97,000
NNNN1	61,000	45,000	89,000
OOOO1	53,000	48,000	91,000
PPPP1	41,000	39,000	67,000

Requirements:

1. Analyze the profitability of processing Product MMMM1 further beyond the split-off point.
2. Calculate the incremental profit from processing Product NNNN1.
3. Allocate joint costs using the physical units method.
4. Prepare a segment reporting statement for Bank Pekao S.A.