1.Prepare a differential analysis as of July 1 presenting the proposed operation of the warehouse for the 14 years (Alternative 1) as compared with investing in U.S. Treasury bonds (Alternative 2). If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Differential AnalysisOperate Warehouse (Alt. 1) or Invest in Bonds (Alt. 2)July 1Operate Warehouse (Alternative 1)Invest in Bonds (Alternative 2)Differential Effect on Income (Alternative 2)Revenues$$$Costs:Costs to operate warehouseCost of equipment less residual valueIncome (Loss)$$$