Prepare differential analysis reports for a variety of managerial decisions. flint tooling company is considering replacing a machine that has been used in its factory for two years. relevant data associated with the operations of the old machine and the new machine, neither of which has any estimated residual value, are as follows: old machine cost of machine, eight-year life $38,000 annual depreciation (straight-line) 4,750 annual manufacturing costs, excluding depreciation 12,400 annual nonmanufacturing operating expenses 2,700 annual revenue 32,400 current estimated selling price of the machine 12,900 new machine cost of machine, six-year life $57,000 annual depreciation (straight-line) 9,500 estimated annual manufacturing costs, exclusive of depreciation 3,400 annual nonmanufacturing operating expenses and revenue are not expected to be affected by purchase of the new machine. instructions prepare a differential analysis as of november 8 comparing operations using the present machine (alternative 1) with operations using the new machine (alternative 2). the analy