Blossom Company has a machine that affixes labels to bottles. The machine has a book value of $99,200 and a remaining useful life of 3 years and no salvage value. A new, more efficient machine is available at a cost of $372,000 that will have a 3-year useful life with no salvage value. The new machine will lower annual variable production costs from $644,800 to $508,400. Prepare an analysis showing whether the old machine should be retained or replaced. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

		Retain Equipment		Replace Equipment		Net Income Change
select an item Net savings over 3 yearsFixed manufacturing costsVariable manufacturing costsNew machine cost		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
select an item Variable manufacturing costsNet savings over 3 yearsNew machine costFixed manufacturing costs		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a closing name New machine costVariable manufacturing costsFixed manufacturing costsNet savings over 3 years						$enter a total amount