Keating Co. is considering disposing of equipment with a cost of $53,000 and accumulated depreciation of $37,100. Keating Co. can sell the equipment through a broker for $34,000 less 0% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $47,000. Keating will incur repair, insurance, and property tax expenses estimated at $12,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential income from the lease alternative is $3,729 34,404 $5,380 $2.604