Ivanhoe Company has a factory machine with a book value of $174,000 and a remaining useful life of 6 years. A new machine is available at a cost of $254,000. This machine will have a 6 -year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $600,000 to $503,000. Prepare an analysis that shows whether Ivanhoe should retain or replace the old machine. (If an amount reduces the net income then enter with a negative sign preceding the number or parenthesis, e.g, 15,000,(15,000).)