Exercise 23-3 (Static) Sell or process LO P2 Cobe Company has manufactured 200 partially finished cabinets at a cost of $50,000. These can be sold as is for $60.000. Instead. the cabinets can be stained and fitted with hardware to make finished cabinets. Further processing costs would be $12,000, and the finished cabinets could be sold for $80,000 (a) Prepare a sell as is or process further analysis of income effects (b) Should the cabinets be sold as is or processed further and then sold? \begin{tabular}{|l|l|l|} \hline (a) Sell or Process Analysis & Sell As is & Process Further \\ \hline Revenue & & \\ \hline Costs & & \\ \hline Income & \\ \hline Incremental income (loss) to process lurther & \\ \hline & \\ \hline (b) The company should. \end{tabular}