Required Information The Foundational 15 (LO10-1, LO10-2] [The following information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: Sales variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,000,000 300,eee 780, eee See, eee $ 200, eee $ 625, eee At the beginning of this year, the company has a $120,000 Investment opportunity with the following cost and revenue characteristics: sales Contribution margin ratio Fixed expenses $ 200, eee 60 % of sales $ 90, eee The company's minimum required rate of return is 15% Foundational 10-11 11. What is last year's residual income? Residual income