14 Exercise 11-2 (Algo) Residual Income (LO11-2] 0.23 points Juniper Design Limited of Manchester, England, provides design services to residential developers. Last year, the company had net operating income of $410,000 on sales of $1,000,000. The company's average operating assets for the year were $1.200,000 and its minimum required rate of return was 14% Required: Compute the company's residual income for the year, 02.4126 800 Residual income Hint