Differential Analysis for Machine Replacement Proposal Flint Tooling Company is considering replacing a machine that has been used in its factory for four years. Relevant data associated with the operations of the old machine and the new machine, neither of which has any estimated residual value, are as follows: Old Machine Cost of machine, 10-year life $109,400 Annual depreciation (straight-line) 10,940 Annual manufacturing costs, excluding depreciation 10 Annual nonmanufacturing operating expenses 12,200 94,800 Annual revenue 35,000 Current estimated selling price of the machine achine New Cost of machine, six-year life $136,800 Annual depreciation (straight-line) 22,800 Estimated annual manufacturing costs, exclusive of depreciation 19,000 Annual nonmanufacturing operating expenses and revenue are not expected to be affected by purchase of the new machine. Required: 1. Prepare a differential analysis as of February 28, 2014, comparing operations using the present machine (Alternative 1) with operations using the new machine (Alternative 2). The analysis should indicate the total differential income that would result over the six-year period if the new machine is acquired If a n amount is zero, enter zero "0