Exercise 14-35 Obsolete Inventory (LO 14-4, 14-5) Armstrong Corporation manufactures bicycle parts. The company currently has a $21,000 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for $9,000, or modified for $12,000 and sold for $22,300. Required: 1. Which of the data above are relevant to the decision about the obsolete parts? 2. Prepare an analysis of the decision