Differential Analysis for a Lease or Buy Decision Sloan Corporation is considering new equipment. The equipment can be purchased from an overseas supplier for $3,320. The freght and installation costs for the equipment and $160.1 purchased, annual repairs and maintenance are estimated to be $410 per year over the four year useful le of the equipment. Alternatively, Sloan can lose the equipment from a domestic supplier for 11,420 per year for four years, with no additional costs, Prepare a differential analysis dated Dember 3, to determine whether Sloan should lease (Alternative 1) or purchase (Alternative 23 the machine. On the sale or buy decision, which must be analyzed from the perspective of the machine er, as opposed to the machine owner) an amount a zero, enter "0". Use a minus sign to indicate a los Differential Analysis Lease Equipment (Alt. 1) or Buy Equipment (Alt. 2) December Lease Equipment (Alternative 1) Buy Equipment (Alternative 3) Differential Effect on Income (Alternative 23 Revenues Costs Purchase price Freight and installation Repair and maintenance (4 years) Lease (4 years) Income (los) Determine whether Sloan should lease (Alternative 1) or buy (Alternative 2) the equipment