Required information Exercise 14-35 Obsolete Inventory (LO 14-4, 14-5) [The following information applies to the questions displayed below.] Armstrong Corporation manufactures bicycle parts. The company currently has a $19,300 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for $7,100, or modified for $9,900 and sold for $21,300. Exercise 14-35 Part 1 Required: 1. Identify the relevance of the data given in the exercise to the decision about what to do with the obsolete parts. Required information Exercise 14-35 Obsolete Inventory (LO 14-4, 14-5) [The following information applles to the questions displayed below.] Armstrong Corporation manufactures bicycle parts. The company currently has a $19,300 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for $7,100, or modified for $9,900 and sold for $21,300. Exercise 14-35 Part 2 2-a. Calculate the benefit under each alternative for disposing of the obsolete parts. 2-b. How should the obsolete parts be disposed? Complete this question by entering your answers in the tabs below. Calculate the benefit under each alternative for disposing of the obsolete parts. Required information Exercise 14-35 Obsolete Inventory (LO 14-4, 14-5) [The following information applies to the questions displayed below.] Armstrong Corporation manufactures bicycle parts. The company currently has a $19,300 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for $7,100, or modified for $9,900 and sold for $21,300. Exercise 14-35 Part 2 2-a. Calculate the benefit under each alternative for disposing of the obsolete parts. 2-b. How should the obsolete parts be disposed? Complete this question by entering your answers in the tabs below. How should the obsolete parts be disposed