can you answer this urgent. Just the first 2 questions.

16-18 Net realizable value method. Stenback Company is one of the world's leading corn refiners. It produces two joint productscorn syrup and corn starch-using a common production process. In July 2014, Stenback reported the following production and selling price information: Data Review Home Insert Page Layout Formulas A 1 2 Joint costs (costs of processing corn to splitoff point) 3 Separable cost of processing beyond splitoff point 4 Beginning inventory (cases) 5 Production and Sales (cases) 6 Ending inventory (cases) 7 Selling price per case View B D Com Syrup Com Starch Joint Costs $329,000 $406,340 $97,060 0 0 13,000 5,900 0 0 $51 $26 Allocate the $329,000 joint costs using the NRV method. Required 16-21 Joint-cost allocation, process further. Sinclair Oil & Gas, a large energy conglomerate, jointly processes purchased hydrocarbons to generate three nonsalable intermediate products: ICR8, ING4, and XGE3. These intermediate products are further processed separately to produce crude oil, natural gas liquids (NGL), and natural gas (measured in liquid equivalents). An overview of the process and results for August 2014 are shown here. (Note: The numbers are small to keep the focus on key concepts.) Joint Costs $1,800 Separable Costs ICR8 Processing $175 Crude Oil 150 barrels $18 per barrel Hydrocarbons Processing ING4 Processing $105 NGL 50 barrels $15 per barrel XGE3 Processing $210 Natural Gas 800 eqvt. barrels @ $1.30 per eqvt. barrel Required A new federal law has recently been passed that taxes crude oil at 30% of operating income. No new tax is to be paid on natural gas liquid or natural gas. Starting August 2014, Sinclair Oil & Gas must report a separate product-line income statement for crude oil. One challenge facing Sinclair Oil & Gas is how to allocate the joint cost of producing the three separate salable outputs. Assume no beginning or ending inventory 1. Allocate the August 2014 joint cost among the three products using the following: a. Physical-measure method b. NRV method 2 Show the operating income for each product using the methods in requirement 1. 3. Discuss the pros and cons of the two methods to Sinclair Oil & Gas for making decisions about product emphasis (pricing, sell-or-process-further decisions, and so on). 4. Draft a letter to the taxation authorities on behalf of Sinclair Oil & Gas that justifies the joint-cost- allocation method you recommend Sinclair use