please complete requirements 2 & 3

Stenback Petroleum has spent $204,000 to refine 62,000 gallons of petroleum distillate, which can be sold for $6.00 per gallon. Alternatively, Stenback can process the distillate further and produce 57,000 gallons of cleaner fluid. The additional processing will cost $1.85 per gallon of distillate. The cleaner fluid can be sold for $9.30 per gallon. To sell cleaner fluid, Stenback must pay a sales commission of $0.13 per gallon and a transportation charge of $0.16 per gallon. Read the requirements. Requirement 1. Fill in the diagram for Stenback's alternatives. Revenues from X Requirements selling as is 372,000 Joint costs $ of producing 62,000 gallons of petroleum 1. Fill in the diagram for Stenback's alternatives. 2. Identify the sunk cost. Is the sunk cost relevant to Stenback's decision? 3. Should Stenback sell the petroleum distillate or process it into cleaner fluid? Show the expected net revenue difference between the two alternatives. Cost of Print Done distillate (204,000) Revenues from processing $ processing further further (131,230) 530,100 Requirement 2. Identify the sunk cost. Is the sunk cost relevant to Stenback's decision? The $204,000 spent to refine the petroleum distillate is a sunk cost that does not differ between the alternatives of selling as is or processing further. Consequently, this sunk cost is irrelevant to the sell-or-process-further decision. Requirement 3. Should Stenback sell the petroleum distillate or process it into cleaner fluid? Show the expected net revenue difference between the two alternatives. (For the difference in total net revenue, use a parentheses or a minus sign if processing further will decrease total net revenue.) Process Sell As ls Further Difference Expected revenue from selling 62,000 gallons of petroleum distillate Expected revenue from selling 57,000 gallons of cleaner fluid Additional costs of processing Total net revenue Enter any number in the edit fields and then click Check Answer. Stenback Petroleum has spent $204,000 to refine 62,000 gallons of petroleum distillate, which can be sold for $6.00 per gallon. Alternatively, Stenback can process the distillate further and produce 57,000 gallons of cleaner fluid. The additional processing will cost $1.85 per gallon of distillate. The cleaner fluid can be sold for $9.30 per gallon. To sell cleaner fluid, Stenback must pay a sales commission of $0.13 per gallon and a transportation charge of $0.16 per gallon. Doad the requiremente