A commercial oven with a book value of $67,000 has an estimated remaining 5-year life. A proposal is offered to sell the oven for $8,500 and replace it with a new oven costing $110,000. The new machine has a 5-year life with no residual value. Annual maintenance costs for the old machine were $54,000. The new machine would reduce annual maintenance costs by $23,000. Provide a differential analysis on the proposal to replace the commercial oven. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Differential Analysis Continue with Old Oven (Alternative 1) or Replace Old Oven (Alternative 2) Continue with Replace Differential Old Oven Old Oven Effects (Alternative 1) (Alternative 2) (Alternative 2) Revenues: Proceeds from sale of old oven Costs: Purchase price Variable maintenance costs (5 years) Total costs Profit (loss)