Ferrigno Company owns equipment with a cost of $362,000 and accumulated depreciation of $56,000 that can be sold for $274,900, less a 3% sales commission. Alternatively, Ferrigno Company can lease the equipment to another company for three years for a total of $287,800, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Ferrigno Company on the equipment would total $15,000 over the three years. Prepare a differential analysis on March 23 as to whether Ferrigno Company should lease (Alternative 1} or sell (Alternative 2} the equipment. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) March 23 Differential Lease Sell Effect Equlpment Equipment (Alternative 2) (Alternatlve 1) (Alternatlve 2) $ $ Revenues Costs "" | -8 Profit (loss) Should Ferrigno Company lease (Alternative 1} or sell (Alternative 2) the equipment