California Orchards reports the following sales data for the year ended December 31 . The company incurred the following joint costs for the year. Required: 1. Use the value basis to allocate joint costs to the three grades of walnuts. 2. Compute gross profit for each of the three grades of walnuts. Complete this question by entering your answers in the tabs below. Use the value basis to allocate joint costs to the three grades of walnuts. Required: 1. Use the value basis to allocate joint costs to the three grades of walnuts. 2. Compute gross profit for each of the three grades of walnuts. Complete this question by entering your answers in the tabs below. Compute gross profit for each of the three grades of walnuts