Minor & Neece, Ltd., operates retail clothing stores in Nashville, Knoxville, and Memphis, Tennessee. Each store is evaluated as an investment center. Selected results from the latest year are as follows. Sales Nashville $5,088,000 Knoxville Memphis $8,079,000 $2,088,000 Variable expenses 2,075,000 4,872,000 1,048,000 Direct fixed expenses 2,075,000 2,435,000 891,000 Assets 4,000,000 5,000,000 1,600,000 Required rate of return 14% 14% 14% Weighted average cost of capital 8% 8% 8% Tax rate 30% 30% 30% (a) Calculate the residual income for each of the three stores. (If the residual income is a loss then enter with a negative sign preceding the number e.g. -15,000 or parenthesis. e.g. (5,125).) Nashville Residual income $ +A Knoxville Memphis +A $