Lease or Sell Felix Company owns equipment with a cost of $368,000 and accumulated depreciation of $55,800 that can be sold for $274,400, less a 5% sales commission Alternatively, Felix Company can lease the equipment 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 $16,600 over the three year lease. a. Prepare a differential analysis on August 7 as to whether Felix Company should leae (Alternative 1) or sell (Alternative 2) the equipment. If required, use a minus sign to indicate a los Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) August 7 Lease Differential Equipment Equipment Effects (Alternative 1) (Alternative 2) (Alternative 2) Revenues Sell Costs Profit (0) b. Should Feux Company lease (Alternative 1) or sell (Alternative 2) the equipment