look Show Me How Replace Equipment A machine with a book value of 5247,600 has an estimated six year life. A proposals offered to sell the old machine for $216,500 and replace it with a new machine at a cost of 5283,300. The new machine has a sis year life with no residual value. The new machine would reduce annual direct labor costs from $19,700 to $39,000 Prepare a differential analysis dated October 3 on whether to continue with the old machine (Alternative 1) or replace the old machine (Alternative 2). an amount in curo, untit "o". For those boxes in which you must enter subtracted or negative numbers use a minus sign Differential Analysis Continue with Old Machine (All. 1) or Replace Old Machine (Alt. 2) October Continue with Replace Old Differential Effect Old Machine Machine on Income (Alternative 1) (Alternative 2) (Alternative 2) Revenues Proceeds from sale of old machine Cost Purchase price Direct labor 6 years) Income (Les) 3 Should the company.continue with the old machine (Alternative 1) or replace the old machine (Alternative 2)