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An investment of $800,00 is made to purchase assets to operate a business. After 1 year of operations, the company reported sales of $1,050,000 on

An investment of $800,00 is made to purchase assets to operate a business. After 1 year of operations, the company reported sales of $1,050,000 on costs of $900,000. The company expects a minimum of 15% rate of return from its investments. What is the amount of residual income (loss) at the end of 1 year?

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