The income statement comparison for Forklift Material Handling shows the income statement for the current and prior year. FORKLIFT MATERIAL HANDLING Income statement Comparison Current Year Prior Year (Amounts in thousands) Sales $33,750 $24,750 Cost of goods sold 21,937.5 16,830 Gross profit $11,812.5 $7,920 Expenses: Wages $8,800 $6,189 Utilities 650 200 Repairs 168 325 Selling 505 200 Total Expenses $10,123 $6,914 7 2 ? ? Operating income Operating income % Total assets (investment base) Return on investment Residual income (8% cost of capital) $4,400 $1,600 ? ? The income statement comparison for Forklift Material Handling shows the income statement for the current and prior year. FORKLIFT MATERIAL HANDLING Income statement Comparison Current Year Prior Year (Amounts in thousands) Sales $33,750 $24,750 Cost of goods sold 21,937.5 16,830 Gross profit $11,812.5 $7,920 Expenses: Wages $8,800 $6,189 Utilities 650 200 Repairs 168 325 Selling 505 200 Total Expenses $10,123 $6,914 ? ? Operating income Operating income % Total assets (investment base) $4,400 $1,600 ? Return on investment Residual income (8% cost of capital) Prior Year A. Determine the operating income (loss) (dollars) for each year, If required round final answers to two decimal places. Current Year Operating income (loss) B. Determine the operating Income (loss) (percentage) for each year. It required round final answers to two decimal places. Current Year Operating income (loss) Prior Year c. The company made a strategic decision to invest in additional assets in the current year. These amounts are providedUsing the total assets amounts as the Investment base, calculate the return on investment. Was the decision to invest additional assets in the company successful? If required round final answers to two decimal places. Current Year Prior Year Return on investment D. Assuming an 8% cost of capital, calculate the residual income for each year. Do not round intermediate computations and round final answers to nearest whole dollar. For those boxes in which you must enter subtractive or negative numbers use a minus sign Current Year Prior Year Residual income $ in the current year. This with the ROI results. Management The residual income related to the investment oth methods in their analysis of the investment