Replace Equipment A machine with a book value of $249,800 has an estimated remaining life of 6 years. A proposal is offered to sell the old machine for $216,800 and replace it with a new machine at a cost of $280,100. The new machine has a 6 -vear life with no residual value. The new machine would reduce annual direct labor costs from $49,700 to $39,800. a. Prepare a differential analyis dated June 2 on whether to continue with the old machine (Aiternative 1) or replace the old machine (Alternative. 2 ). If an amount is zero, enter " 0 ". If required, use a minus sion to indicate a loss