2 Exercise 11-2 (Algo) Residual Income (LO11-2) 142 pot Juniper Design Ltd of Manchester England, provides design services to residential developers Last year the company had net operating income of $410,000 on sales of $2,200,000 The company's average operating assets for the year were $2,400,000 and its minimum required rate of retum was 16% 000 Required: Compute the company's residual income for the year Rosdual income