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 $1,500,000 530,000 970,000 670,000 $ 300,000 Average operating assets$937,500 At the beginning of this year, the company has a $212,500 investment opportunity with the following cost and revenue characteristics $ 340,000 Sales Contribution margin ratio Fixed expenses 70% of sales $187,000 The company's minimum required rate of return is 10%. 12. What is the residual income of this year's investment opportunity? Residual income Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income s 1,500,000 530,000 970,000 670,000 $300,000 Average operating assets 937,500 At the beginning of this year, the company has a $212.500 investment opportunity with the following cost and revenue characteristics: $ 340,000 Sales Contribution margin ratio Fixed expenses 70t of sales $ 187,000 The company's minimum required rate of return is 10%. pany pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn 13. If the com this year? Residual income