EX 14-35 (Algo) Obsolete lnventory (LO 14-4, 14-5) [The following information applies to the questions displayed below.] Armstrong Corporation manufactures bicycle parts. The company currently has a $18,700 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for $6,500, or modified for $9,300 and sold for $20,100. EX 14-35 (Algo) Part 1: Identlfy the relevance of the data given Requlred: 1. Identify the relevance of the data given in the exercise to the decision about what to do with the obsolete parts