Stenback Chemical has spent $243,000 to refine 70,000 gallons of Requirements acetone, which can be sold for $2.50 a gallon. Alternatively, Stenback 1. Identify the sunk cost. Is the sunk cost relevant to Stenbacks Chemical can process the acetone further. This processing will yield a total of 64,000 gallons of lacquer thinner that can be sold for $3.10 a gallon. The additional processing will cost $0.75 per gallon of lacquer thinner. To sell the lacquer thinner, Stenback Chemical must pay shipping of SO.19 a gallon and administrative expenses of $0.10 a gallon on the thinner decision? Why or why not? 2. Should Stenback sell the acetone as is or process it into lacquer thinner? Show the expected net revenue difference between the two alternatives. is a sunk cost that The differ between alternatives of selling as is or processing further. Consequently, this sunk cost of $ to the sell or process further decision IS Requirement 2. Should Stenback sell the acetone as is or process it into lacquer thinner? Show the expected net revenue difference between the two alternatives. (Enter a "O" for any zero amounts. Use a minus sign or parentheses in the Difference column if the Sell As Is amount exceeds the Process Further amount.) Sell Process As Is Further Difference Less Net benefit to operating income per batch Decision