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Differential Analysis for a Lease or Buy Decision Sloan Corporation is considering new equipment. The equipment can be purchased from an overseas supplier for $3,320. The freight and installation costs for the equipment are $620. If purchased, annual repairs and maintenance are estimated to be $410 per year over the four-year useful life of the equipment. Alternatively, Sloan can lease the equipment from a domestic supplier for $1,520 per year for four years, with no additional costs. Prepare a differential analysis dated December 3, to determine whether Sloan should lease (Alternative 1) or purchase (Alternative 2 the machine. (Hint: This is a "lease or buy" decision, which must be analyzed from the perspective of the machine user, as opposed t the machine owner.) If an amount is zero, enter "0". Use a minus sign to indicate a loss. Differential Analysis Lease Equipment (Alt. 1) or Buy Equipment (Alt. 2) December 3 Lease Equipment (Alternative 1) Buy Equipment (Alternative 2) Differential Effect on Income (Alternative 2 Revenues Costs: Purchase price o Freight and installation Repair and maintenance (4 years) mul Lease (4 years) Income (loss) Feedback Check My Work Compare the lease costs for 5 years with the buying costs for 5 years (purchase price, freight and installation, and repair and mitentes betrate