Abbe Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,180,000; sales of $4,605,000; cost of goods sold of $2,630,000; and operating expenses of $1,452,000. Assume a target income of 9% of average invested assets. Compute residual income for the division:

$146,800.

$156,800.

$104,300.

$177,750

. $47,070.