Lease or Sell Kincaid Company owns a equipment with a cost of $363,100 and accumulated depreciation of $52,500 that can be sold for $273,500, less a 5% sales commission. Alternatively, Kincaid Company can lease the equipment to another company for three years for a total of $284,100, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Kincaid Company on the equipment would total $15,100 over the three years. Prepare a differential analysis on March 23 as to whether Kincaid 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 (AIt. 2) March 23 eause Eeupment Sell Equipment Oifferential Effect (Alternative) (Alternative 2on Lease Equipment Sell Equipment n Income (Alternative 2) Revenues Costs Income (Loss) Should Kincaid Company lease (Alternative 1) or sell (Alternative 2) the equipment? Lease or Sell Kincaid Company owns a equipment with a cost of $363,100 and accumulated depreciation of $52,500 that can be sold for $273,500, less a 5% sales commission. Alternatively, Kincaid Company can lease the equipment to another company for three years for a total of $284,100, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Kincaid Company on the equipment would total $15,100 over the three years. Prepare a differential analysis on March 23 as to whether Kincaid 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 Differential Effect on Income Sell Equipment (Alternative 2) Lease Equipment Revenues Costs Income (Loss) Should Kincaid Company lease (Alternative 1) or sell (Alternative 2) the equipment