Florin Company has the following operating data for the past year: Sales Variable Cost Fixed Cost Minimum required rate of return $761,000 $250,000 $100,000 11% Balance Sheet Data for beginning and end of year. Assets Cash Accounts Receivable Inventory Net PP&E Land (held for future use) Investments in affiliates Total Assets Liabilities & 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 Florin Company's residual income for the past year is closest to A $ Type here to search BA