Check my work 17 1.5 points Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of 540.000 and remaining useful life of 5 years at which time its salvage value will be zero, It has a current market value of $50.000 Variable manufacturing costs are $34.000 per year for this machine. Information on two alternative replacement machines follows. Alternative Alternative Cost $119,000 $113,000 Variable nanufacturing costs per year 22,50 10.900 Book Calculate the total change in net income It Alternative A, B is adopted. Should Xinhong keep or replace its manufacturing machine? the machine should be replaced, which alternative new machine should Xinhong purchase? Hani Complete this question by entering your answers in the tabs below Teference Alternative Arts Xinhong Parch Calculate the total change in net income i Alternative A is adopted. (Cashout rows should be indicated by a minut) ALTERNATIVE AS INCREASE OR (DECREASE IN NET INCOME Cost to buy new machine 5 (119.0001 Cash received trade in old machine Reduction in variable mantecturing costs 4000 Total change in netcome 5 (35,000) 50.000 Alternative