Lease or Sell Astro Company owns equipment with a cost of $363,600 and accumulated depreciation of $53,400 that can be sold for $277,400, less a 5% sales commission. Alternatively, Astro Company can lease the equipment for three years for a total of $285,500, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Astro Company on the equipment would total $14,900 over the three year lease. a. Prepare a differential analysis on August 7 as to whether Astro Company should lease (Alternative 1) or sell (Alternative 2) the equipment. If required, use a minus sign to indicate a loss. Leas Differential Analysis pment (Alt. 1) or Sell Equipment (Alt. 2) Lease Equipment August 7 Sell Equipment Differential Effects Revenues (Alternative 1) (Alternative 2) (Alternative 2) Costs Profit (Loss) b. Should Astro Company lease (Alternative 1) or sell (Alternative 2) the equipment? Lease the equipment Sell the equipment