The income statement comparison for XYZ Co. shows the income statement for the current and prior year. XYZ Co. Income Statement Comparison Current Year Prior Year (Amounts in thousands) Sales $23,900 $28.900 Cost of goods sold, 14,340 19,363 Gross profit $9,560 $9,537 Expenses Wages $4,063 $3,468 Utilities 398 578 Repairs 398 345 Selling 399 811 Total expenses $5,258 $5,202 Total assets (investment base). 3,700 2,500 a) Determine the operating income (loss) in dollars for each year. Operating income (loss) Current Year Prior Year b) Determine the operating income (loss) percentage for each year. Please make sure your final answer(s) are in percentage form and are accurate to 1 decimal place. (For example: 12.3%) Current Year Prior Year Operating income (loss) (%). c) The company made a strategic decision to invest in additional assets in the current year. These amounts are provided. Using the total assets amounts as the investment base, calculate the return on investment (ROI). Please make sure your final answer(s) are in percentage form and are accurate to 1 decimal place. (For example: 12.3%) Return on investment. Current Year Prior Year d) Assuming a 12% cost of capital, calculate the residual income for each year. Residual income Current Year Prior Year