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Please review picture. The following income statements and other information are available for the Tri Town Company: 2020 2019 2018 Sales $364,800,000 $240,000,000 $182,400,000 Less

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The following income statements and other information are available for the Tri Town Company: 2020 2019 2018 Sales $364,800,000 $240,000,000 $182,400,000 Less cost of goods sold 201,600,000 115,200,000 87,360,000 Gross margin 163,200,000 124,800,000 95,040,000 Less: Selling and administrative costs 26,400,000 23,760,000 18,796,800 Research and development 12,729,600 11,904,000 9,072,000 Income from operations 124,070,400 89,136,000 67,171,200 Less taxes on income 24,814,080 17,827,200 13,434,240 Net income $99,256,320 $71,308,800 $53,736,960 Total assets $686,400,000 $638,400,000 $423,360,000 Noninterest-bearing current liabilities 13,440,000 10,848,000 9,484,800 Cost of capital 12% 12% 12% Calculate EVA for 2020. Assume that for purposes of calculating EVA, the company capitalizes research and development expenditures and amortizes them over three years, including the year they are incurred. For external reporting purposes, research and development is expensed in the year incurred, as indicated in the income statements above. (Round answer to the nearest whole dollar, e.g. 5,725. Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).) EVA for 2020 $

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