Rica Corporation has a factory machine with a book value of $33,250 and a remaining useful life of 4 years. It can be sold for $5,900. A new machine is available at a cost of $71,000. This machine will have a 4-year useful life with no salvage value The new machine will lower annual variable manufacturing costs from $94,300 to $87,600. Prepare an analysis showing whether the old machine should be retained or replaced. Follow the instructions when completing the table. 1. In the first two columns (Retain Equipment and Replace Equipment), costs and expenses SHOULD be entered as positive amounts. Any amounts received by the company SHOULD be entered as negative amounts that will offset the costs. 2. Make sure to apply the estimated useful life in performing calculations for variable manufacturing costs. (Total Variable Manufacturing Costs = Annual Variable Manufacturing Costs X Estimated Useful Life) - Do NOT enter a dollar sign. For example, if you are typing $10,000 as your answer, answer should be typed as 10,000 without any dollar sign. - For any negative amounts, enter them using either a negative sign preceding the number such as 50 or parentheses such as (50). - If the amount is zero, enter 0