Lease or SellAstro Company owns equipment with a cost of $$365,200$ and

accumulated depreciation of $$55,900$ that can be sold for $$276,900,$

less a $3\%$ sales commission. Alternatively, Astro Company can lease

the equipment for three years for a total of $$285,900,$ at the end

of which there is no residual value. In addition, the repair,

insurance, and property tax expense that would be incurred by Astro

Company on the equipment would total $$16,700$ over the three year

lease.a$.$Prepare a$$differential

analysis$$on August $7$ as to whether Astro Company should lease

$($Alternative $1)$ or sell $($Alternative $2)$ the equipment. If required,

use a minus sign to indicate a loss.b$.$Should Astro Company lease $($Alternative

$1)$ or sell $($Alternative $2)$ the equipment?

$$