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Swifty Company recorded the following operating data: Sales $1246000 Contribution margin: 481000 Total direct fixed costs: 396000 Total operating assets Jan. 1, 2020: 751000 Total

Swifty Company recorded the following operating data:

Sales $1246000

Contribution margin: 481000

Total direct fixed costs: 396000

Total operating assets Jan. 1, 2020: 751000

Total operating assets Dec. 31, 2020: 789000

Swifty Company's desired return: 13%

What is Swifty Company's residual income?

$12630

($12630)

($15100)

($17570)

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