processes sugar cane that it purchases from other farmers,

Vaughan Farms processes sugar cane that it purchases from other farmers. Sugar cane is processed in batches. Two joint products, cane fiber and cane juice, emerge from crushing the sugar cane. The cane fiber can be sold for $21 as is or processed further for $17 to make industrial fiber that is sold for $43. The cane juice can be sold as is for $47 or processed further for $19 to make molasses that can be sold for $64. Evaluate the statements: 1. Cane Fiber should be processed further into industrial fiber. 2. Cane Juice should be processed further into molasses. The cane fiber can be sold for $21 as is or processed further for $17 to make industrial fiber that is sold for $43. The cane juice can be sold as is for $47 or processed further for $19 to make molasses that can be sold for $64. Evaluate the statements: 1. Cane Fiber should be processed further into industrial fiber. 2. Cane Juice should be processed further into molasses. O Both Statements are true Both Statements are false o Only Statement #1 is true o Only Statement #2 is true