Financial data for ClydeCo for last year appear below. ClydeCo Statements of Financial Position Beginning Balance $ 277,000 179,000 Ending Balance $ 136,386 205,000 Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Sylvester Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity Clyde Co Income Statement $1,960,000 1,597,400 362,600 Sales Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Net income $105,800 141,414 247,214 $ 115,386 257,000 476,000 255,000 335,000 $1,779,000 270,000 440,000 288,000 335,000 $1,674,386 $ 203,000 862,000 714,000 $1,779,000 $ 152,000 862,000 660,386 $1,674,386 The company paid dividends of $169,000 last year. The "Investment in Sylvester Company" on the statement of financial position represents an investment in the stock of another company. Required: a. Compute the company's margin, turnover, and return on investment for last year. b. The Board of Directors of Clyde Co has set a minimum required return of 30%. What was the company's residual income last year