Rory Company has a machine with a book value of $87,000 and a remaining five-year useful life. A new machine is available at a cost of $117,000, and Rory can also receive $62,000 for trading in its old machine. The new machine will reduce variable manufacturing costs by $14,000 per year over its five-year useful life. Calculate the incremental income. (Any losses or outflows should be entered with a minus sign.) Incremental Income From Replacing Machine Incremental income incremental cost) Signal mistakenly produced 1,325 defective cell phones. The phones cost $62 each to produce. A salvage company will buy the defective phones as they are for $34 each. It would cost Signal $88 per phone to rework the phones. If the phones are reworked, Signal could sell them for $140 each. Assume there is no opportunity cost associated with reworking the phones. Compute the incremental net income from reworking the phones. Scrap Sales Rework costs Total