Problem 8-46 (LO. 2, 4, 9) Dennis Harding is considering acquiring a new automobile that he will use 100% for business in the subsequent year. The purchase price of the automobile would be $64,500. If Dennis leased the car for five years, the lease payments would be $875 per month. Dennis will acquire the car on January 1, 2021. It will be his only business asset purchase of 2021. Assume that the inclusion dollar amounts from the IRS table for the next five years are $63, $140, $208, $251, and $289. Dennis wants to know the effect on his adjusted gross income of purchasing versus leasing the car for the next five years. He does not claim any available additional first-year depreciation. Click here to access the limits for certain automobiles. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. Complete the letter to Dennis. SWFT, LLP 5191 Natorp Boulevard Mason, OH 45040