Lease or Sell Decision Inman Industries is considering selling excess machinery with a book value of $281,200 (original cost of $399,200 less accumulated depreciation of $118,000 ) for $274,700 less a 6% brokerage commission. Alternatively, the machinery can be leased for a total of $288,000 for five years, after which it is expected to have no residual value. During the period of the lease, Inman Industries' costs of repairs, insurance, and property tax expenses are expected to be $24,500. a. Prepare a differential analysis report for the lease or sell decision. Feedback Theck My Work a. Foliow Exhibit 3 in the text. Subtract the lease costs from the lease revenues. Subtract the selling costs from the selling revenue. Determine the differential income or loss. b. Based on the data presented, which is the most appropriate plan of action