Chace Products is a division of a major corporation. Last year the division had total sales of $21,500,000, net operating income of $576,100, and average operating assets of $5,100,000. The company's minimum required rate of return is 12.50%.

The division's residual income is closest to:

a. $576,100

b. $1,213,600

c. $(2,111,400)

d. $(61,400)