On July 1, Midway Distribution Company is considering leasing a building and buying the necessary equipment to operate a public warehouse. Alternatively, the company could use the tunds to invest in $149,100 of 6% U.S. Treasury bonds that mature 16 years. The bonds could be purchased face value. The following data have been assembled: Cost of store equipment $149.100 Life f store equipment 16 years Estmated residual value of store cquipment $17.900 Yearly costs to operate the warehouse, exduding depreaation of equipment deprecation f store cquipment $55,600 Yearly expected reverues-years 1-8 74.500 Yearly expected revenues years 9-15 59.800 Required: differential l July 1 presenting the propased operation sc a minus slg n u.s. Treasury bonds (Alternative 21, If an amount is zero, enter "0, For these boxes in s compared with investing the warehouse for the 16 vears (Alternative st enter b d you mu Bonds (A. 2) Operate Warehouse (A, 1)or Invest July 1 Invest in Bonds (Aternatve 2) 143.808 X Income (Aternative 2) Operate Warehouse (Aternative 1) Dterentlal Etfect e 1,155,200 X 1,011,392| X Revenues Costs: 892,800 X Costs to operate warehouse 892,800 0.00 131,200 0.00 131,200 Cost of eupment kss resdual vakae -131,200 X 143.808 X 12,608 X Income (Loss) Feedhack 2. Based on the results disdosed by the differential analysis, should the proposal to operate a retail store accepted? No 3. If the proposal is accepted, what 143.808 x the total estimated income from operations of the warehouse for the 16 years