Lease or Sell Casper Company owns equipment with a cost of $366,500 and accumulated depreciation of $55,900 that can be sold for $278,000, less a 4% sales commission. Alternatively, Casper Company can lease the equipment for three years for a total of $285,600, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Casper Company on the equipment would total $16,500 over the three year lease. a. Prepare a differential analysis on August 7 as to whether Casper Company should lease (Alternative 1) or sell (Alternative 2) the equipment. If required, use a minus sign to indicate a loss. Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) August 7 Lease Sell Differential Equipment Equipment Effects (Alternative 1) (Alternative 2) (Alternative 2) Revenues Costs Profit (Loss)