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Cerrigno Company owns equipment with a cost of $363,700 and accumulated depreciation of $57,000 that can be sold for $275,100, less a 3% sales commission.

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Cerrigno Company owns equipment with a cost of $363,700 and accumulated depreciation of $57,000 that can be sold for $275,100, less a 3% sales commission. Aiternatively, Ferrigno Company can lease the equipment to another company for three years for a total of $284,100, at the end of which there is no residual value. In addition, the repalr, insurance, and property tax expense that would be incurred by Ferrigno Company on the equipment would total $15, 500 over the three years. Prepare a differential analysis on March 23 as to whether Ferrigno Company should lease (Alternative 1) or sell (Altemative 2) the equlpment. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Should Ferrigno Company lease (Aternative 1) or sell (Atrernative 2) the equipment

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