Flint Tooling Company is considering replacing a machine that has been used in its factory for 4 years. Relevant data associated with the operations of the old machine and the new machine, neither of which has any estimated residual value, are as follows: Cost of machine, 10-year life Old Machine $108,000 Annual depreciation (straight-line) 10,800 Annual manufacturing costs, excluding depreciation 38,800 Annual nonmanufacturing operating expenses Annual revenue 11,700 95,900 Current estimated selling price of the machine 34,900 New Machine Cost of machine, 6-year life Annual depreciation (straight-line) $139,200 23,200 Estimated annual manufacturing costs, exclusive of depreciation 17,200 Annual nonmanufacturing operating expenses and revenue are not expected to be affected by purchase of the new machine. Required: 1. Prepare a differential analysis as of November 8 comparing operations using the present machine (Alternative 1) with operations using the new machine (Alternative 2). The analysis should indicate the differential profit tha would result over the 6-year period if the new machine is acquired. If an amount is zero, enter "0". If required, use a minus sign to indicate a loss. Differential Analysis Continue with Old Machine (Alt. 1) or Replace Old Machine (Alt. 2) November 8 Line Item Description Revenues Proceeds from sale of old machine Costs Purchase price Annual manufacturing costs (6 yrs.) Profit (loss) Continue with Old Machine (Alternative 1) Replace Old Machine Differential Effects (Alternative 2) (Alternative 2) 000 000