Darcy Roofing is faced with a decisio. The company relies very heavily on the use of its 60-foot extension lift for work on large homes and commercial properties. Last year, Darey Roofing spent $76,800 refurbishing the lift. It has just determined that another $45,000 of repair work is reqired. Altematively, it has found a newer used lift that is for sale for $190,500. The company estimates that bath lifts would have useful lives of 6 years. The new lift is more efficient and thus would educe operating expenses by about $25,600 per year. Darcy Roofing could also ent out the new lift for about $1 The old lift is not suitable for ental. The old lift could currently be sold for28 000 if the e lift is purchased retcn operating expe 1,000 per year Prepare an incremental analysis showing whether the company should repair or replace the equipment. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Retain Equipment Equipment Increase (Decrease) Replace Net Income Operating expenses Repair costs Rental revenue New machine cost Sale of old machine s Total cost Should company repair or replace the equipment? The equipment be replaced