please solve all red boxes as well as the question in picture 4

ent> Open Assignment PRINTER VERSION BACK Question 2 Last year (2016), Richter Condos installed a mechanized elevator for its the company, Ron Richter, tenants. The owner of the company, Ron Richter, recently returned from an industry equipment exhibition where he watched a was impressed with the elevator's speed, comfort of ride, and cost efficiency. Upon retu computerized urning from the exhibition, he asked his purchasing agent to collect price and operating cost data on new elevator. In addition, he asked the company's accountant to provide him with cost data on the company's elevator. This information is presented below. Old Elevator New Elevator Purchase price Estimated salvage valuse Estimated useful life Depreciation method Annual operating costs $105,000 $161,000 5 years Straight-line 4 years Straight-line other than depreclation Variable Fixed $34,500 22,000 59,000 8,900 revenues are $240,000, and selling and administrative expenses are s28,000, regardless of which elevator is used. If the old elevator is replaced now, at the beginning of 2017, Richter Condos will be able to sell it for $24,200 Your answer is correct. Determine any gain or loss if the old elevator is replaced Loss on sale Prepare a 4-year summarized income statement for each of the following assumptions: (1) The old elevator is retained. Retain Old Elevator Revenues Less costs: Variable costs Fixed costs Selling & administrative Depreciation Net income (2) The old elevator is replaced Replace Old Elevator Revenues elevator s replaced Replace Old Elevator Revenues Less costs Variable costs Fixed costs Selling & administrative Depreciation Operating income 59800 Less: Loss on old elevator Net income Wilma Company must decide whether to bu Direct materials $30,200 Variable overhead $45,900 Direct labor $38,252 Fixed overhead $81,200 PRINTER VERSION y some of its components. The costs of producing 67,200 switches for its generators are as follows. BACK ead of making the switches at an average cost of $2.91 ($195,552 67.200), the company has an opportunity to buy the switches at $2.67 per unit. If the one-fourth of the fixed costs will be eliminated. company has an opportunity to buy the switches at $2.67 per unit. If the company purchases the switchies, al the variable costs and Prepare an incremental analys showing whether the company should buy the swtches. (Enter negative amounts using either s negative sign preceding the number eg 15 or parentheses eg (45)) Net Income Increase (Decrease) Make Buy Direct materials Direct labor Variable manufacturing costs Fixed manufacturing costs Purchase price Total cost Y the switches of additional costs if it Wilma Company will incur $ t 1.21%