Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,250,000; sales of $4,675,000; cost of goods sold of $2,700,000; and f $1,522,000. Assume a target income of 9% of average invested assets. Compute residual income for the division: operating expenses Multiple Choice $28,000. $80.500. $177750. $40770. $70,500