QS 23-7 (Algo) Sell or process LO P2 Holmes Company has already spent $52,000 to harvest peanuts. Those peanuts can be sold as is for $89,500. Alternatlvely, Holmes can process further into peanut butter at an addiltional cost of $589,625. If Holmes processes further, the peanut butter can be sold for $878,875. (a) Prepare a sell as is or process further analysis of Income effects. (b) Should Holmes sell as is or process further? QS 23-7 (Algo) Sell or process LO P2 Holmes Company has already spent $52,000 to harvest peanuts. Those peanuts can be sold as is for $89,500. Alternatlvely, Holmes can process further into peanut butter at an addiltional cost of $589,625. If Holmes processes further, the peanut butter can be sold for $878,875. (a) Prepare a sell as is or process further analysis of Income effects. (b) Should Holmes sell as is or process further