Kobe Company has a factory machine with a book value of $89,390 and a remaining useful life of 4 years. It can be sold for $31,110. A new machine is available at a cost of $254,810. This machine will have a 4-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $746,840 to $629,920. Prepare an analysis showing whether the old machine should be retained or replaced. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)