The Moonlight Chemical Company produced three joint products at a joint cost of $117,000. These products were processed further and sold as follows. E (Click the icon to view the data.) The company has had an opportunity to sell at split-off directly to other processors. If that alternative had been selected, sales would have been A, $58,000; B. $29,000; and C, $51,000. The company expects to operate at the same level of production and sales in the forthcoming year. Consider all the available information, and assume that all costs incurred after split-off are variable. Read the requirements. Requirements 1. and 2. Could the company increase operating income by altering its processing decisions? If so, what would be the expected overall operating income? Which products should be processed further and which should be sold at split-off? Begin by preparing an incremental analysis to show the incremental gain or loss of processing each chemical further. (Use a minus sign or parentheses for an incremental loss.) Processing further: A B C Incremental sales $ 192,000 $ 331,000 $ 139,000 Less: Incremental costs 210,000 335,000 120,000 $ Incremental gain or (loss) (18,000) $ (4,000) $ 19,000 Which products should be processed further and which should be sold at split-off? i Data Table Product C should be processed further. Products A and B should be sold at split-off. Using your decision from the previous step, calculate the company's expected overall operating income. Chemical Product Total Additional Processing Costs $ 210,000 Sales 250,000 360,000 Sales Joint costs 335,000 Separable costs OL 190,000 120,000 Operating income Print Done