At the beginning of last year (2021), Richter Condos installed a mechanized elevator for its tenants. The owner of the conpany, Ron Richter, recently returned from an industry equipment exhibition where he watched a computerized elevator demonstrated. He was impressed with the elevator's speed, comfort of ride, and cost efficiency, Upon returning from the exhibition, he asked his purchasins agent to collect price and operating cost data on the new elevator. In addition, he asked the company's accountant to provide him with cost data on the company's elevator. This information is presented here. Annual revenues are $240,000, and selling and administrative expenses are $29,000, regardless of which elevater is used if the old elevator is replaced now, at the beginning of 2022 , Richter Condos will be able to sell it for $25,000. Using incrernental analysis, determine if the old elevator should be replaced. (ln the first two columns, enter costs orid expenses as postive amounts and any amounts recelved as negotive amounts. In the third column enter net income increases os porltive amounts and decreoses as negutive amounts Enter negative amounts using either a negattie sign preceding the number es. - 15 or porenthesed eg (15)