Replace Equipment A machine with a book value of $248,600 has an estimated she-year we. A proposals offered to sell the old machine for $216.100 and replace it with a new machines cost of $281,700. The new machine has a six-year life with no residual value. The new machine would reduce annual direct labor costs from 149.400 to $39.500 a. Prepare a differential analysis dated April 11 on whether to continue with the old machine (Alternative 1) or replace the old machine (Alternative 2). If an amount is zero, enter "o". Use a minus sign to indicate subtracted or negative numbers or a loss Differential Analysis Continue with Old Machine (Alt. 1) or Replace Old Machine (Alt. 2) April 11 Continue with Old Machine (Alternative Replace Old Machine (Alternative a) Diferentia effect on tncome Alternative 2) Revenues: Proceeds from sale of old machine Costs: Purchase price Direct labor (6 years) Income (Loss) For the continue and replace alternatives subtract the costs from the revenges. Multiply the direct labor for the year Determine the defect income of the revenues, costs, and income (loss) by subtracting alternative from alternative Learning objective 1. b. Should the company continue with the old machine (Alternative 1) or replace the old machine (Alternative 2? Continue with the old machine