Fon Company has the following operating data for the past year: Sales Variable Cost Fixed Cost Minimum required rate of return $768,000 $250,000 $100,000 15% 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 (Q.) Fon Company's residual income for the past year is closest to: (A.) $