Tanner Company has old equipment with a book value of $166,500 and a remaining five-year useful life. Tanner is considering purchasing new equipment at a price of $213,000. Tanner can sell the old equipment now for $142,000. The old equipment has variable manufacturing costs of $77,000 per year. The new equipment will reduce variable manufacturing costs by $31,500 per year over its five-year useful life. The total increase or decrease in net income by replacing the old equipment with the new equipment is: