4. Differential analysis: Replacing equipment Aa Aa E Miles Manufacturing has been using a particular machine for over 10 years and believes that it may be time to replace the machine. The company is trying to decide whether replacing the old machine is a wise economic decision. The company's controller pulled together the following information on the old machine and the new machine: Old Machine $408,000 original cost Current accumulated depreciation 298,000 63,000 Estimated annual variable manufacturing costs for machine Estimated selling price of machine 148,000 Estimated remaining useful life (in years) New Machine $686,800 Purchase cost 43,200 Estimated annual variable manufacturing costs for machine Estimated residual value Estimated useful life (in years) Fill in the following differential analysis to help Miles's controller decide whether to propose that the company continue with the old machine (alternative 1) or replace it with the new machine (alternative 2). Note: This problem contains check figures (V)