Grey Company owns a machine with a cost of $320,000 and accumulated depreciation of $60,000 that can be sold for $250,000, less a 5% sales commission. Alternatively, the machine can be leased by Grey Company for three years for a total of $268,000, at the end of which there is no residual value. In addition, repair, insurance, and property tax that would be incurred by Grey Company on the machine would total $24,000 over the three years. Determine the differential income or loss from the lease alternative for Grey Company.