-cision Monroe Company owns equipment with a cost of $235,000 and accumulated depreciation of $185,000 that can be sold for $120,000, less a 4% sales commission. Alternatively, the equipment can be leased by Monroe Company for five years for a total of $135,000 at the end of which there is no salvage value. In addition, repair, insurance, and property tax that would be incurred by Monroe Company on the equipment would total $16,000 over the five years. Determine the differential income or loss from the lease alternative for Mon- roe Company