Bullwinkle Company owns equipment with a cost of $366,600 and accumulated depreciation of $52,700 that can be sold for $273,000, les5 a 39,5ales commission. Alternatively, Bullwinkle Company can lease the equipment for 3 years for a total of $286,400, at the end of which there is no residual value In addition, the repair, insurance, and property tax expense that would be incurred by Bullwinkle Company on the equipment would total $16,900 aver the 3-yearlease. a. Prepare a differential analysis on October 29 as to whether Bullwinkle Company should lease (Alternative 1 ) or sell (Akernative 2) the equipment. If required, use a minus sign to indicate a loss: Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) Fendach rcliok My Wor Subtroct the lease costs from the lesse revenues; Subtract the sell equipment costs from the sed equipment revenues. Detiermine the differential effect on income of the revenues, costs, and income (loss) by subtracting alternative 1 from altemative 2. b. Should Bullwinkle Company lease (Alternative 1) or sell (Atternative 2) the equipment