Laredo corporation is considering new equipment. the equipment can be purchased from an overseas supplier for $3,120. the freight and installation costs for the equipment are $600. if purchased, annual repairs and maintenance are estimated to be $400 per year over the four-year useful life of the equipment. alternatively, laredo corporation can lease the equipment from a domestic supplier for $1,360 per year for four years, with no additional costs. prepare a differential analysis dated march 15 to determine whether laredo corporation should lease (alternative 1) or purchase (alternative 2) the equipment. (hint: this is a "lease or buy" decision, which must be analyzed from the perspective of the equipment user, as opposed to the equipment owner.) if an amount is zero, enter "0".