Keating Co. is considering disposing of equipment that cost $59.000 and has $41,300 of accumulated depreciation to date. Keating Co. can sell the equipment through a broker for $35,000 less a 8% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $48,000. Keating will incur repair, Insurance, and property tax expenses estimated at $8,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential profit or loss from the sell alternative is a a. $7,500 loss b. $11,700 profit c. $9,360 profit d. $5,450 loss