Keating Co. is considering disposing of equipment that cost $79,000 and has $55,300 of accumulated depreciation to date. Keating Co. can sell the equipment through a broker for $34,000 less a 5% 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 O a. a. $7,700 loss b. $5,390 loss Oc. $11,550 profit Od. $9,240 profit