Differential Analysis for a Lease or Buy Decision Sloan Corporation is considering new equipment. The equipment can be purchased from an overseas supplier for $3,100. The freight and installation costs for the equipment are $610. If purchased, annual repairs and maintenance are estimated to be $430 per year over the four-year useful life of the equipment. Altematively, Sloan can lease the equipment from a domestic supplier for $1,540 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. (Hint: This is a "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 " 0 ". Use a minus sign to indicate a loss. Determine whether Sloan should lease (Alternative 1) or buy (Alternative 2) the equipment