Lassiter Company owns equipment with a cost of $140,000 and accumulated depreciation of $75,000 that can be sold for $55,000, less a 6% sales commission. Alternatively, the equipment can be leased by Lassiter Company for five years for a total of $51,000, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Lassiter Company on the equipment would total $6,400 over the five years. Prepare a differential analysis on March 23, 2012, as to whether Lassiter Company should lease (Alternative 1) or sell (Alternative 2) the equipment.