Differential Analysis for a Lease or Sell DecisionBurlington Construction Company is considering selling excess

machinery with a book value of $$278,000($original cost of $$398,700$

less accumulated depreciation of $$120,700)$ for $$277,500,$ less a $5\%$

brokerage commission. Alternatively, the machinery can be leased

for a total of $$283,300$ for five years, after which it is expected

to have no residual value. During the period of the lease,

Burlington Construction Company's costs of repairs, insurance, and

property tax expenses are expected to be $$25,100.$a$.$Prepare a$$differential

analysis$$dated January $15$ to determine whether Burlington

Construction Company should lease $($Alternative $1)$ or sell

$($Alternative $2)$ the machinery. If required, use a minus sign to

indicate a loss.b$.$On the basis of the data presented,

would it be advisable to lease or sell the machinery?