E13.1. Residual Earnings and Residual Operating Income (Easy) Here are summary financial statements for a firm (in millions of dollars) Income Statement, 2009 Operating income Interest expense Net income Balance Sheet, End of 2008 1,400 Net operating assets 10,000 500 900 Financing debt 5,000 Common equity 5,000 The required return for equity is 12 percent, the required return for operations is 11 percent, and the required return for debt is 10 percent. The firm pays no taxes. Calculate residual earnings, residual operating income, and residual income from financing activities for 2009.