Woodpecker Co. has $298,000 in accounts receivable on January 1. Budgeted sales for January are $823,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are For February, sales revenue is $551,000; sales commissions are 6% of sales; the sales manager's salary is $87,600; advertising expenses are $84,600; shipping expenses total 2% of sales; and miscellaneous selling expenses are $2,400 plus 1/2 of 1% of sales. Total selling expenses for the month of February are Mason Corporation had $1,108,000 in invested assets, sales of $1,212,000, income from operations amounting to $226,000, and a desired minimum rate of return of 13%. The residual income for Mason Corporation is