Chudzick Company has a factory machine with a book value of $165,000 and a remaining useful life of 6 years. A new machine is available at a cost of $245,500. This machine will have a 6-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $590,000 to $491,000. Prepare an analysis that shows whether Chudzick should retain or replace the old machine. (If an amount reduces the net income then enter with a negative sign preceding the number or parenthesis, e.g. -15,000, (15,000).) Variable costs New machine cost $ Keep Equipment The old factory machine should be Replace Equipment $ $ Net Income Increase (Decrease)