Haggis Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices. Management is considering updating its computer with a faster model that would eliminate all of the overtime processing. Current Machine New Machine Original purchase cost $14,929 $21,920 Accumulated depreciation 6,483 - Estimated operating costs 24,064 19,359 Useful life 4 years 4 years If sold now, the current machine would have a salvage value of $5,591. If operated for the remainder of its useful life, the current machine would have zero salvage value. The new machine is expected to have zero salvage value after 4 years. Instructions Complete the analysis to determine if the current machine should be replaced. (Ignore the time value of money. If an amount should be blank, enter a zero. All boxes must be filled to be correct. If amount decreases net income, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Enter all other amounts as positive amounts and subtract where necessary.) Retain Machine Replace Machine Net Income Increase (Decrease) Operating costs $ $ $ Machine cost Salvage value Total $ $ $ The current machine should be .