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Tufton Company provides the following information: Average operating assets $220,000 Controllable margin $78,000 Contribution margin $177,000 Minimum (required) rate of return 6.20% How much is

Tufton Company provides the following information:

Average operating assets	$220,000
Controllable margin	$78,000
Contribution margin	$177,000
Minimum (required) rate of return	6.20%

How much is the company's residual income?

		$67,026
		$142,000
		$163,360
		$64,360

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