Ivanhoo Comparw has a factory machine with a book value of $88,100 and a remaining useful life of 7 years. It can be sold for $33.800. A new machine is available at a cost of $510.700. This machine will have a 7-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $576,600 to $470.500. Prepare an analysis showing whother the old machine should be retained or replaced. In the first two columns, enter costs and expenses as positive amounts, and any amounts received as negative amounts. In the third column, enter net income increases as positive amounts and decreases as negative amounts. Enter negative amounts using either a negative sin preceding the number eg.-45 or parentheses es (451) Retain Equipment Replace Equipment Net Income Increase (Decrease) Variable manuturing costs $ $ $ New machine cost Sell old machine $ Total $