Current Attempt in Progress Sheridan Company is considering the replacement of a piece of equipment with a newer model. The following data has been collected: Old Equipment New Equipment Purchase price $230000 $380000 Accumulated depreciation 114000 -0- Annual operating costs 324000 244000 If the old equipment is replaced now, it can be sold for $33000. Both the old equipment's remaining useful life and the new equipment's useful life is 4 years. The net advantage (disadvantage) of replacing the old equipment with the new equipment is O $(27000) O $114000 O $33000 O $(94000)