Problem 12-4 (Part Level Submission) Consider the following information for Walla Walla Electronics: 12/31/2017 12/31/2018 Total assets $12,514,000 $11,443,800 Noninterest-bearing current liabilities 563,100 552,000 Net income 739,200 927,700 Interest expense 2,285,800 308,040 Tax rate 40% 40% Required rate of return 10% 12% (a) Evaluate the company in terms of residual income (RI), which is equivalent to EVA since there are no adjustments for accounting distortions. (Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).) 2017 2018 Residual income $ $