Duncan Company owns a machine with a cost of $75,000 and accumulated depreciation of $15,000 that can be sold for $54,000 less a 5% sales commission. Alternatively, Duncan Company can lease the machine to another company for three years for a total of $60,000, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Duncan Company on the machine would total $8,500 over the three years. Required: Differential Analysis Score: 30/51 Lease (Alternative 1) or Sell (Alternative 2) machine February 21 1 Lease machine Sell machine Differential Effect on Income (Alternative 2) $(6,000.00) 2 (Alternative 1) $60,000.00 (Alternative 2) $54,000.00 3 Revenues 4 Costs 8,500.00 2,700.00 (5,800.00) 5 Income (loss) $8,500.00 $0.00 $0.00