A division's operating data for the past two years is as follows: Year 1 12% Return on investment Net operating income Turnover Year 2 16% $160,000 2 ? ? Margin Sales ? $1,000,000 ? In Year 2 the margin was twice as much as the margin in Year 1. How much was the division's Net Operating Income for Year 1? In Year 2 the margin was twice as much as the margin in Year 1. How much was the division's Net Operating Income for Year 1? Multiple Choice $40,000 $120,000 $80.000 $160.000