On January $2,2021,$ Twilight Hospital purchased a $$101,200$ special radiology scanner from Cullumber Inc. The scanner had a useful

life of $4$ years and was estimated to have no disposal value at the end of its useful life. The straight$-$line method of depreciation is used

on this scanner. Annual operating costs with this scanner are $$105,000.$

Approximately one year later, the hospital is approached by Dyno Technology salesperson, Jacob Cullen, who indicated that

purchasing the scanner in $2021$ from Cullumber Inc. was a mistake. He points out that Dyno has a scanner that will save Twilight

Hospital $$26,000$ a year in operating expenses over its $3-$year useful life. Jacob notes that the new scanner will cost $$111,000$ and has

the same capabilities as the scanner purchased last year. The hospital agrees that both scanners are of equal quality. The new scanner

will have no disposal value. Jacob agrees to buy the old scanner from Twilight Hospital for $$48,500.$

$($a$)$

Your answer is correct.

If Twilight Hospital sells its old scanner on January $2,2022,$ compute the gain or loss on the sale.

$

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$($b$)$

Prepare an incremental analysis of Twilight Hospital. $($In the first two columns, enter costs and expenses as positive amounts, and any

amounts received as negative amounts. In the third column, enter net income increases as positive amounts and decreases as negative

amounts. Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$