Cole Petroleum has spent $208,000 to refine 64,000 gallons of petroleum distillate, which can be sold for $6.10 per galon. Alternatively, Cole can process the distillato further and produce 55,000 gallons of cleaner fluid. The additional processing will cost $1,85 per gallon of distillate. The cleaner fluid can be sold for $9.90 per gallon To sell cleaner fluid, Cole must pay a sales commission of $0.10 per gallon and a transportation charge of $0.18 per gallon, Read the requirements: 11 Requirement 1. Fill in the diagram for Cole's alternatives. Revenues from selling as is Joint costs of producing 14,000 gallons of petroleum distillate Cost of Revenues from processing further $ processing further Requirement 2. Identify the sunk cost. Is the sunk cost relevant to Cole's decision? Enter any number in the edit fields and then continue to the next question Next Calculator Turtor further Requirement 2. Identify the sunk cost. Is the sunk cost relevant to Cole's decision? The is a sunk cost that differ between the alternatives of telling as is or processing further. Consequently thin sunk cost in to the sell-or-process further decision Requirement 3. Should Cole sell the petroleum distillate or process it into cleaner fluid? Show the expected not revenue difference between the two alternatives. For the difference in total net revenue, une a parentheses or a minus sign il processing further will decrease total net revenue) Process Further Difference Expected revenue from selling 64,000 gattoos of petroleum disultato Expected revenue from selling 55,000 gallons of cleaner nuta Additional costs of processing Sell As is Total net revenue Decision: Enter any number in the edit fields and then continue to the next