Keating Co. is considering disposing of equipment that cost $80,000 and has $56,000 of accumulated depreciation to date. Keating Co. can sell the equipment through a broker for $25,000 less a 7% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $45,000. 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 Ca. $13,750 loss b. $16,500 profit c. $9,625 loss d. $20,625 profit