Lease or sell Plymouth Company owns equipment with a cost of $650,000 and accumulated depreciation of $320,000 that can be sold for $330,000, less a 3% sales commission. Alternatively, Plymouth Company can lease the equipment for four years for a total of $340,000, at the end of which there is no residual value. In addition, the repair, insurance, and property ta expense that would be incurred by Plymouth Company on the equipment would total $45,000 over the four-year lease. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet Prepare a differential analysis on August 7 as to whether Plymouth Company should lease (Alternative 1) or sell (Alternative 2) the equipment. Use a minus sign to indicate costs o negative differential effect on income. Differential Analysis Lease (Alt. 1) or Sell (Alt. 2) Equipment August 7 Lease Equipment (Alternative 1) Sell Equipment (Alternative 2) Differential Effect on Income (Alternative 2) Revenues Costs Profit (Loss) Should Plymouth Company lease (Alternative 1) or sell (Alternative 2) the machine