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Crane Company recorded the following operating data: Sales $1240000 Contribution margin 480000 Total direct fixed costs 395000 Total operating assets Jan. 1, 2022 745000 Total

Crane Company recorded the following operating data: Sales $1240000 Contribution margin 480000 Total direct fixed costs 395000 Total operating assets Jan. 1, 2022 745000 Total operating assets Dec. 31, 2022 785000 Crane Company's desired return 12% What is Crane Company's residual income? O ($9200) O $1300 O ($1300) O ($6800)

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