Rainger Company is considering replacement of some of its manufacturing equipment. Information regarding the existing equipment and the potential replacement equipment follows.

Existing Equipment				Replacement Equipment
Cost	$	114,000		Cost	$	111,000
Operating expenses*		112,000		Operating expenses*		108,000
Salvage value		24,000		Salvage value		17,000
Market value		50,000		Useful life		6	years
Book value		35,000
Remaining useful life		6	years

*	The amounts shown for operating expenses are the cumulative total of all such expected expenses to be incurred over the (remaining) useful life of the equipment.

Required:

a.	Calculate the total cost of existing equipment and the potential replacement equipments. (Omit the "$" sign in your response.)

	Old	New
Total cost	$	$