eBook Show Me How Question Content Area Replace Equipment A machine with a book value of $248,800 has an estimated remaining life of 6 years. A proposal is offered to sell the old machine for $217,800 and replace it with a new machine at a cost of $283,400. The new machine has a 6-year life with no residual value. The new machine would reduce annual direct labor costs from $50,800 to $40,600. Question Content Area a. Prepare a differential analysis dated June 2 on whether to continue with the old machine (Alternative 1) or replace the old machine (Alternative 2). If an amount is zero, enter "0". If required, use a minus sign to indicate a loss