Lease or Sell Felix Company owns a equipment with a cost of $365,800 and accumulated depreciation of $53,700 that can be sold for $273,900, less a 3% sales commission Alternatively, Felix Company can lease the equipment to another company for three years for a total of $287,800, at the end of which there is no residual value. In addition, the repair, Insurance, and property tax expense that would be incurred by Felix Company on the equipment would total $15,300 over the three years Prepare a differential analysis on March 23 as to whether Felix Company should lease (Alternative 1) or sell (Alternative 2) the equipment. For those boxes in which you must enter subtracted or negative numbers use a minus sign Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) March 23 Lease Equipment Sell Equipment Differential Effect on Income (Alternative 1) (Alternative 2) (Alternative 23 Revenues Costs Income (Loss) Should Felix Company lease (Alternative 1) or sell (Alterative 2) the equipment