Lease or Sell Kincaid Company owns a equipment with a cost of $367.200 and accumulated depreciation of S56.800 that can be sold for S277.400, less a 3% sales commisson. Alternatively, Kincaid Company can lease the equipment to another company for three years for a total of $284,400, at the and 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 $15,700 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 baxes 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 se Equipment Sell Equipmenton Income (Alternative 1) (Aternative2) (Altemative 2) 281,000 277,600 -6,400 15,700 Income (Loss) Should Kincaid Company lease (Alternative 1) or sell (Alternative 2) the equipment