Consider the following information for Executive Electronics:

		12/31/2017		12/31/2018
Total assets		$12,650,000		$12,100,000
Noninterest-bearing current liabilities		550,000		572,000
Net income		770,000		880,000
Interest expense		2,310,000		330,000
Tax rate		40%		40%
Required rate of return		10%		12%

(a)

Evaluate the company in terms of residual income (RI), which is equivalent to EVA since there are no adjustments for accounting distortions. (Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).)

		2017		2018
Residual income		$		$