Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Assets: Cash Accounts receivable. Plant and equipment (net) Inventory Investment in Cedar Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity Beaker Company Income Statement Beginning Balance Ending Balance $ 271,000 168,000 $ 326,100 198,000 248,000 490,000 260,000 330,000 $1,767,000 292,000 424,000 339,000 330,000 4 $176,000 862,000 $ 1,909,100 $228,000 862,000 819,100 729,000 $1,767,000 $ 1,909,100 Sales Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Net income $ 2,440,000 1,952,000 488,000 $ 99,500 146,400 245,900 $242,100 The company paid dividends of $152,000 last year. The "Investment in Cedar Company" on the statement of financial position represents an investment in the stock of another company. Required: a. Compute the company's margin, turnover, and return on investment for last year. b. The Board of Directors of Beaker Company has set a minimum required return of 35%. What was the company's residual income last year? Complete this question by entering your answers in the tabs below.