Please show the steps for solving the problem, instead of just the answer alone.

Problem 7-15 Monty West is a commercial fisherman, and he has just returned from a trip off the coast of Maine. He has calculated the cost of his catch as follows: Wages of deckhands Monty's wage Food, medical supplies, etc. Depreciation of netting and other equipment Depreciation of boat Fuel $36,300 16,800 7,300 5,200 11,300 19,600 $96,500 Total Monty's nets yielded a catch of 16,200 pounds of salmon, 25,110 pounds of halibut, and 39,690 pounds of flounder. Salmon sells for $8.00 per pound, halibut for $7.00 per pound, and flounder for $4.00 per pound. Allocate joint costs based on weight. With these costs, what is the profit associated with each type of fish? Profit Salmon Halibut Flounder Allocate joint costs based on relative sales values. With these costs, what is the profit associated with each type of fish? (Round relative sales value proportion percent to 3 decimal places eg. 32.954% and final answers to o decimal places, e.g. 125.) Profit Salmon Halibut Flounder Monty is considering turning the flounder into fish paste. The incremental cost of this operation is $9,000. Each pound of flounder yields one-half pound of paste, and the paste sells for $8 per pound. Will Monty be better off selling the flounder or turning it into paste? Net incremental of converting the flounder into fish paste is $ Monty will be better off