Lease or Sell Kincaid Company owns equipment with a cost of $361,700 and accumulated depreciation of $53,700 that can be sold for $273,800, less a 4% sales commission. Alternatively, Kincaid Company can lease the equipment for three years for a total of $286,400, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Kincald Company on the equipment would total $16,300 over the three year lease. a. Prepare a differential analysis on August 7 as to whether Kincaid Company should lease (Alternative 1) or sell (Alternative 2) the equipment. If required, use a minus sign to indicate a loss. Differential Analysis Lease Equipment (Alt. 1) or Sell Equipment (Alt. 2) Revenues Lease Equipment August 7 Sell Equipment Differential Effects (Alternative 1) (Alternative 2) (Alternative 2) Costs Profit (Loss) S b.Should Kincaid Company lease (Alternative 1) or sell (Alternative 2) the equipment? G