Kincaid Company owns equipment with a cost of $364,800 and accumulated depreciation of $56,300 that can be sold for $276,300, less a 5% sales commission. Alternatively, Kincaid Company can lease the equipment for three years for a total of $286,900, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Kincald Company on the equipment would total $15,100 over the three year lease. a. Prepare a differehtial analysis on August 7 as to whether Kincaid Company should lease (Aternative 1) or sell (Alternative 2) the equigment. If required, use a minus sign to indicate a loss. Differential Analysis Lease Equipment (Alt, 1) or Sell Equipment (Alt, 2) Ausust 7 b. Should Kincaid Comgany lease (Alternative 1) or seil (Altemative 2) the equipment