Santosh Plastics Inc. purchased a new machine one year ago at a cost of $\backslash (\backslash$$ $63,000\backslash ).$ Although the machine operates well and has five more years of operating life, the president of Santosh Plastics is wondering if the company should replace it with a new electronic machine that has just come on the market. The new machine costs $\backslash (\backslash$$ $94,500\backslash )$ and is expected to slash the current annual operating costs of $\backslash (\backslash$$ $44,100\backslash )$ by two$-$thirds. The new machine is expected to last for five years, with zero salvage value at the end of five years. The current machine can be sold for $\backslash (\backslash$$ $10,500\backslash )$ if the company decides to buy the new machine. The company uses straight$-$line depreciation. In trying to decide whether to purchase the new machine, the president has prepared the following analysis: "Even though the new machine looks good," said the president, $"$we can't get rid of that old machine if it means taking a huge loss on it$.$ We'll have to use the old machine for at least a few more years." Sales are expected to be $\backslash (\backslash$$ $220,500\backslash )$ per year, and selling and administrative expenses are expected to be $\backslash (\backslash$$ $132,300\backslash )$ per year, regardless of which machine is used. Required: $1.$ Prepare a comparative income statement covering the next five years, assuming: a$.$ The new machine is not purchased. b$.$ The new machine is purchased. $($Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.$)$