Falcon Company has the following operating data for the past year. Sales Nariable Cost Axed Cost |Minimum required rate of return $721,000 $250,000 $100,000 12% Balance Sheet Data for beginning and end of year: Assets Cash Accounts Recelvable Inventory Net PP&E Land (held for future use) Investments in affiliates Total Assets Llabilities & SH Equity Short Term Debt Long Term Debt Stockholder's Equity Total Liabilities and SH Equity Beginning $5.000 $35,000 $90,000 $100,000 $40,000 $5.000 $275,000 Ending $5.000 $40,000 $95.000 $115,000 $40,000 $0 $295.000 $22.000 $116.000 $137,000 $275,000 $27,000 $117.000 $151,000 $295.000 Q.: Falcon Company's residual Income for the past year is closest to: AS