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Dellarte Corporation has two major divisions-Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Division Industrial Division Net sales $150,000

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Dellarte Corporation has two major divisions-Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Division Industrial Division Net sales $150,000 $1,000,000 Operating income $47,000 $230,000 Average assets $300,000 $5, 620,000 Target rate of return 14.0% 11.0% Calculate the residual income for the Agriculture Division. A. $47,000 B. $26,000 C. $5,000 D. $103,000

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