Holmes Company has already spent $72,000 to harvest peanuts. Those peanuts can be sold as is for $77,500. Alternatively, Holmes can process further into peanut butter at an additional cost of $403,000. If Holmes processes further, the peanut butter can be sold for $643,250. (a) Prepare a sell as is or process further analysis of income effects. (b) Should Holmes sell as is or process further? (a) Sell or Process Analysis Sell as is Revenue $ $ Process Further 643,250 475,000 X 168,250 X 77,500 72,000 5,500 Costs Income $ $ (b) The company should: Process further *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted