2B. The Pacific Division reported the following results for the previous quarter: (2 marks) Sales Revenues Cost of Goods Sold Gross Margin Selling and administrative expenses Operating income $560,000 (400,000) 160,000 100,000 60,000 Operating assets at the beginning of the quarter were $240,000; at the end of the quarter, they of 13% $300,000 The company requires were a minimum What was the division's residual income for the quarter? of retum rate