Nova Scotia Soy Products (NSSP) buys soy beans and processes them into other soy products. Each tonne of soy beans that NSSP purchases for $300 can be converted for an additional $170 into 550 lbs of soy meal and 120 gallons of soy oil. A pound of soy meal can be sold at splitoff for $1.24, and soy oil can be sold in bulk for $4.25 per gallon. NSSP can process the 550 lbs of soy meal into 700 lbs of soy cookies at an additional cost of $350. Each pound of soy cookies can be sold for $2.24 per pound. The 120 gallons of soy oil can be packaged at a cost of $210 and made into 480 quarts of Soyola. Each quart of Soyola can be sold for $1.45 Required 1. Allocate the joint cost to the cookies and the Soyola using: Begin by calculating the profit or loss that would occur if NSSP processed the products further. (Use parentheses or a minus sign for losses.) Cookies/ Soy Soyola/ Soy Oil Meal Sell at splitoff: Revenue Process further: NRV Profit (Loss) from processing further