Ivanhoe T Corporation is comparing two different options. Ivanhoe T currently uses Option 1, with revenues of $52,000 per year, maintenance expenses of $4,000 per year, and operating expenses of $20,800 per year. Option 2 provides revenues of $48,000 per year, maintenance expenses of $4,000 per year, and operating expenses of $17,600 per year. Option 1 employs a piece of equipment which was upgraded 2 years ago at a cost of $14,000. If Option 2 is chosen, it will free up resources that will bring in an additional $3,000 of revenue. Complete the following table to show the change in income from choosing Option 2 versus Option 1. Designate Sunk costs with an S otherwise select "NA". (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Net Income Increase (Decrease) Option 1 Option 2 Sunk (S) Revenues $ $ S Maintenance expenses i NA DOOM Operating expenses NA 11 Equipment upgrade i S Opportunity cost i NA