Differential Analysis for a Lease or Buy Decision Sloan Corporation is considering new equipment. The equipment can be purchased from an overseas supplier for $3,340.The freight and installation costs for the equipment are 3630. If purchased, annual repairs and maintenance are estimated to be $430 per year over the four-year useful life of the equipment. Alternatively, Sloan can lease the equipment from a domestic supplier for $1,580 per year for four years, with no additional costs Prepare a differential analysis dated December 3, to determine whether Sloan should lease (Alternative 1) or purchase (Alternative 2) the machine. (int: This is "lease or buy decision, which must be analyzed from the perspective of the machine user, as opposed to the machine owner.) If an amount is zero, enter "o". Use a minus sign to indicate a loss Differential Analysis Lease Equipment (Alt. 1) or Buy Equipment (Alt. 2) December 3 Lease Equipment (Alternative 1) Buy Equipment (Alternative 2) Differential Effect on Income (Alternative) Revenues Costs Purchase price Freight and installation Repair and maintenance (4 years) Lease (4 years) Income (loss) Determine whether Sloan should lease (Alternative 1) or buy (Alternative 2) the equipment