Assume the Cell Phone Division of the First Electronics Corporation had the following results last year. Management's target rate of return is 12%. Sales Operating income Total assets Current liabilities $6,000,000 1,000,000 3,000,000 750,000 What is the First Electronics Corporation cell phone division's Residual Income (RI)? 1) $600,000 2) $630,000 3) $540,000 4) $640,000 1