Accounting: Analyze the 1-year financial impact of outsourcing grounds maintenance.... (I will like as soon as possible. Thank you!

Problem 7-2 Paver College is considering outsourcing grounds maintenance. In this regard, Paver has received a bid from Highline Grounds Maintenance for $301,100 per year. Highline states that its bid will cover all services and planting materials required to keep Paver's grounds in a condition comparable to prior years." Paver's cost for grounds maintenance in the preceding year were $309,600, as follows: Salary of three full-time gardeners Plant materials Fertilizer Fuel Depreciation of tractor, mowers, and other miscellaneous equipment Total $190,400 87,400 9,000 11,600 11,200 $309,600 If Paver College outsources maintenance, it will be able to sell equipment for $30,600, and the three gardeners will be laid off. Analyze the 1-year financial impact of outsourcing grounds maintenance. Net of outsourcing in year 1 is $ LINK TO TEXT How will savings in the second year differ from those in year 1? In the second year, savings will by $ . There will be a net of $ Click if you would like to Show Work for this question: Open Show Work