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Dellarte Corporation has two major divisions N-dash Agricultural Products and Industrial Products. It provides the following information for the year. Agricultural Division Industrial Division Net

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Dellarte Corporation has two major divisions N-dash Agricultural Products and Industrial Products. It provides the following information for the year. Agricultural Division Industrial Division Net sales $150,000 $1,000,000 Operating income $47,000 $235,000 Average assests $290,000 $5,580,000 Target rate of return 13.0% 10.0% Calculate the residual income for the Agricultural Division. $130,000 $47,000 $27, 500 $9,300

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