Consider the following data from two divisions of a company, P and Q:

Divisional P Q

Sales $ $1,700,000$ $ $1,400,000$

Operating Income $ $680,000$ $ $700,000$

Investment $ $3,230,000$ $ $2,240,000$

If the minimum rate of return is $12\%,$ what is Division P$\text{'}$s residual income $($RI$)?$