Is this engine fried?

[mdskier]

I recently got a Workhorse 800G. This is basically a TXT with a gas engine and an electric dump bed.

It's a '99, but it has been sitting for 3-5 years (previous owner could not remember how long). It had run out of gas, so there was no gas left in the carb.

It runs, but it runs really rough and has no power.

I put in fresh gas, changed the oil, adjusted the valves tried cleaning the carb. All to no avail.

I did a compression check and each cylinder has 60psi. If I add some oil to the cylinders, I get 70psi on one and 80psi on the other.

My conclusion is the engine is done and should be rebuilt or replaced.

Any other suggestions?

Thanks!