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Hi! Can you please do both of these? I also really need for you to write out your work. Even if its seems like common sense. Thank you!

Lopez Company is considering replacing one of its old manufacturing machines. The old machine has a book value of $48,000 and a remaining useful life of five years. It can be sold now for $58,000. Variable manufacturing costs are $45,000 per year for this old machine. Information on two alternative replacement machines follows. The expected useful life of each replacement machine is five years. (a) Compute the income increase or decrease from replacing the old machine with Machine A. (b) Compute the income increase or decrease from replacing the old machine with Machine B. (c) Should Lopez keep or replace its old machine? (d) If the machine should be replaced, which new machine should Lopez purchase? Complete this question by entering your answers in the tabs below. Compute the income increase or decrease from replacing the old machine with Machine A. (Amounts to be deducted should be indicated with a minus sign.) Compute the income increase or decrease from replacing the old machine with Machine B. (Amounts to be deducted should be indicated with a minus sign.) (c) Should Lopez keep or replace its old machine? (d) If the machine should be replaced, which new machine should Lopez purchase? Colt Company produces two skateboard models. Machine time per unit for Hero is two hours and for Flip is one hour. The machine's capacity is 1,600 hours per year. Colt can sell up to 500 units of Hero and 900 units of Flip per year. Selling prices and variable costs follow. Required: (a) Compute the contribution margin per machine hour for each product. (Use cells A2 to C13 from the given information to complete this question. Negative amounts or amounts to be deducted should be input and displayed as negative values.) Contribution margin per unit (b) Determine the best sales mix of products. \begin{tabular}{|lccc:} \hline Units produced and sold for most profitable sales mix & Hero & Flip & Total \\ \hline Hours required to produce most profitable sales mix & & & \\ \hline \end{tabular} (c) Compute the total contribution margin for the best sales mix. \begin{tabular}{llll:l} \hline Units produced for most profitable sales mix & Hero & Flip & Total \\ \hline Tontribution margin per unit & & & \\ \hline \end{tabular}