Financial data for Beaker Company for last year appear below.

Beaker Company
Statement of Financial Position
	Beginning	Ending
	Balance	Balance
Assets
Cash	$50,000	$70,000
Accounts receivable	20,000	25,000
Inventory	30,000	35,000
Plant and Equipment (net)	120,000	110,000
Investment in Cedar Company	80,000	100,000
Land (undeveloped)	170,000	170,000
Total Assets	$470,000	510,000
Liabilities and Owners' Equity
Accounts payable	$70,000	$90,000
Long-term debt	250,000	250,000
Owner's equity	150,000	170,000
Total liabilities and owner's equity	$470,000	$510,000

Beaker Company
Income Statement
Sales		$414,000
Less Operating Expenses		351,900
Net Operating Income		62,100
Less Interest and Taxes
Interest Expense	$30,000
Tax Expense	10,000	40,000
Net Income		$22,000

The company paid dividends of $2,100 last year. The Investment in Cedar Company on the statement of financial position represents an investment in the stock of another company. Required: i. Compute the company's margin, turnover, and return on investment for last year. ii. The board of directors of Beaker Company has set a minimum required return of 20%. What was the company's residual income last year?