ASAP due in 30 min

structiens Leels and Ameun Descriptions Differential Analysis Final Question with a book value of $80,000 has an estimated five-year lie. A offered to sel the old machine for $50,500 and replace it with a new machine at a cost of $75,000. The new machine has a five-year life with no residual alue. The new machine would reduce annual direct labor costs from 200 to $7,400. Required 1. Prepare a dated April on whether to continue with the old machine (Atemative 1) or replace the old 2. Refer to the Rists of Labels and Amount Descriptions for the exact wording of the answer doioes for machine (Atemative text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. there is no amount or an amount is zero, enter To". A color wil automatically appear ir required. 2. Should the company continue with the old machine (Atemative 1) or replace the old machine (Aternative 2)? Labels and Amount Descriptions Labels Direct labor (5 years) Proceeds from sale of old machine Purchase price