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 $1,500,000 530,000 970,000 670,000 $ 300,000 $ 937,500 At the beginning of this year, the company has a $212,500 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $340,000 70% of sales $187,000 The company's minimum required rate of return is 10%. Foundational 10-12 12. What is the residual income of this year's investment opportunity? Residual income