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Marigold Company recorded the following operating data: Sales $1256000 Contribution margin 488000 Total direct fixed costs 403000 Total operating assets Jan. 1, 746000 2022 Total

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Marigold Company recorded the following operating data: Sales $1256000 Contribution margin 488000 Total direct fixed costs 403000 Total operating assets Jan. 1, 746000 2022 Total operating assets Dec. 31, 785000 2022 Marigold Company's desired 12% return What is Marigold Company's residual income? ($6860) $1360 ($9200) ($1360)

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