Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,110,000; sales of $4,535,000; cost of goods sold of $2,560,000; and operating expenses of $1,382,000. Assume a target income of 11% of average invested assets. Compute residual income for the division:

Multiple Choice

• $217,250.

• $150,900.

• $140,900.

• $98,400.

• $65,230.