You must use the differential analysis format from the textbook for these problems. Problem 1 - Lease or sell Felix Company owns equipment with a cost of $365,900 and accumulated depreciation of $56,200 that can be sold for $274,300, less a 4% sales commission. Alternatively, Felix Company can lease the equipment for three years for a total of $284,000, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Felix Company on the equipment would total $15,100 over the three year lease. A. Prepare a differential analysis on February 18, as to whether Felix Company should lease (Alternative 1) or sell (Alternative 2) the equipment. B. Should Felix Company lease (Alternative 1) or sell (Alternative 2) the equipment?