Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 400,000 260,000 140,000 40,000 $ 100,000 $ 350,000 If the company's minimum required rate of return on average operating assets is 16%, its residual income would be: Multiple Choice O $46.000 o $45.000 $44,000. o $47.000