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29 Carter Company reported the following financial numbers for one of its divisions for the year, average total assets of $4,240,000, sales of $4.665,000 cost

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29 Carter Company reported the following financial numbers for one of its divisions for the year, average total assets of $4,240,000, sales of $4.665,000 cost of goods sold of $2690,000, and operating expenses of $1,512.000. Assume a target income of 8% of average invested assets. Compute residual income for the division: Multiple Choice $37040 81,300. $123,800. $158000 $133,800.

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