The Following Information Pertains to Robert Company If Invested Capital Is Defined as Total Assets Minus Current

Multiple Choice

The following information pertains to Robert Company: $$\begin{array} { l r } \text { Total assets } & \$ 50,000 \\\text { Total current liabilities } & 10,000 \\\text { Total expenses } & 60,000 \\\text { Total liabilities } & 15,000 \\\text { Total revenues } & 80,000\end{array}$$ If invested capital is defined as total assets minus current liabilities, the residual income at an imputed interest rate of 20% is _____.

A) $12,000
B) $20,000
C) $4,000
D) $2,600