Our company finished operations for 2021. Below are our beginning and ending 2021 balance sheets:

2021 2021

Beginning Ending

Assets

Cash $35,000 $35,000

Accounts Receivable 175,000 210,000

Inventorie 560,000 595,000

Property, plant and equipment (net) 770,000 840,000

Land held for future use 140,000 140,000

Investments in unrelated companies 35,000 0

Total Assets $1,715,000 $1,820,000

Liabilities & Stockholder's Equity

Long Term Debt 1,050,000 980,000

Stockholder's Equity 665,000 840,000

Total Liabilities & Stock holder's Equity 1,715,000 1,820,000

For various reasons we do not have any short-term debt or operating liabilities.

For the year 2021, our total revenues equaled $2,800,000; our total variable expenses equaled $1,400,000; and our total fixed expenses equaled $1,050,000. Our cost of capital equals 15%. For 2021, our residual income was closest to

	A.	$108,500
	B.	$15,500
	C.	$84,875
	D.	$221,375
	E.	$98,000