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Pine Corp. has revenues of $590,000 resulting in an operating income of $87,320. Invested assets total $609,000. Residual income is $18,000. Calculate the new residual

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Pine Corp. has revenues of $590,000 resulting in an operating income of $87,320. Invested assets total $609,000. Residual income is $18,000. Calculate the new residual income if sales increase by 10% and the profit margin and invested assets remain the same. (Do not round your intermediate calculations.) Multiple Choice $6,572 $0 $26,732 $69,320

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