Cabal Products is a division of a major corporation. Last year the division had total sales of $20,070,000, net operating income of $1,063,710, and average operating assets of $4,415,400. The company's minimum required rate of return is 16%.

The division's residual income is closest to:

$1,063,710

$1,770,174

$357,246

$(1,412,928)