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Crane T Corporation is comparing two different options. Crane T currently uses Option 1, with...

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Accounting

Crane T Corporation is comparing two different options. Crane T currently uses Option 1, with revenues of $64,000 per year, maintenance expenses of $4,900 per year, and operating expenses of $25,500 per year. Option 2 provides revenues of $59,000 per year, maintenance expenses of $4,900 per year, and operating expenses of $21,600 per year. Option 1 employs a piece of equipment which was upgraded 2 years ago at a cost of $17,000. If Option 2 is chosen, it will free up resources that will bring in an additional $4,000 of revenue. Complete the following table to show the change in income from choosing Option 2 versus Option 1. Designate Sunk costs with an "S" otherwise select "NA".(Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).)
\table[[,Option 1,Option 2,\table[[Net Income],[Increase (Decrease)]],Sunk (S)],[Revenues,$,$,$,],[\table[[Maintenance],[expenses]]],[\table[[Operating],[expenses]],,,,NA vv
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