Your answer is partially correct. Try again. Bryant Company has a factory machine with a book value of $89,400 and a remaining useful life of 6 years. It can be sold for $30,600. A new machine is available at a cost of $530,200. This machine will have a 6-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $582,500 to $491,400. Prepare an analysis showing whether the old machine should be retained or replaced. (In the first two columns, enter costs and expenses as positive amounts, and any amounts received as negative amounts. In the third column, enter net Income increases as positive amounts and decreases as negative amounts. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Retain Replace Net Income Equipment Equipment Increase (Decrease) Variable manufacturing costs 3495000 3488400 6600 New machine cost 530200 530200 Sell old machine 30600 30600 * Total 3495000 4049200 493000 dy X The old factory machine should be retained