Santosh Plastic Inc purchased new machine one year ago at a cost of $93.000. Although the machine per das more years of operating the president of Santosh Plastics is wondering the cryshould replace it with an electronic machine that has just come on the market The new machine co 60.500 and is expected to the current rulering costs of $65.00 by two-thers. The machine is expected to out for five years with rege vel at the end of tveyes. The current machine can be do $15.500 if the company decides to buy the new machine. The company is indersion In trying to decide whether to purchase the machine, the president has prepared the following analyse chine Lagt "Even though the new machine looks good as the president, we can't do that old machine making hugeloon It. We have to use the old machine for money Selespected to be $125.500 per year end seting and adminivene er det bei 100 peryem regardless of which machine is red Required 1. Prepare a competive income tatement covering the next five years, a. The new machines not purchased b. The new is purchased Negativent should be indicated by Donation intermediate Tan po Buy 2. Compete with only relevant continyurl.com elevant Costing 6 5 Years Summary Keep Old Machine Bury New Machine Difference 2. Computer me net advantage of purchasing the new machine using or relevant costs me your analysis (Do not round immediate Caicos gang ombeds order for the president to consider buying the new