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. on the equipment would total $15,100 over the three years. In addition, the repair, insurance, and property tax expense that would be incurred by Kincaid Company n March 23 as to whether Kincaid Company should lease (Alternative 1) or sell equipment. For those boxes in which you must enter subtracted or negative numbers use a Prepare a differential analysis o (Alternative 2) the minus sign. Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) March 23 Differential Effect Sell Equipment Alternative 1) (Alternative 2) (Alternative 2) 273,500 | 13,675 assas Lease Equipment on Income 284,100 $ s| 10,600 | X Revenues Costs Income (Loss) - s( 269,000) v s-9 175) x s Feedback Check My Work Subtract the lease costs from the lease revenues. Subtract the sell equipment costs from the sell equipment revenue. Determine the differential effect on income of the revenues, costs, and income (loss) by subtracting alternative 1 from alternative 2. Should Kincaid Company lease (Alternative 1) or sell (Alternative 2) the equipment? Lease the equipment