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

Dellarte Corporation has two major divisions-Agricultural Products and Industrial Products. It provides the following information for the year. Industrial Agriculture Division Division Net sales $160,000 $1,250,000 Operating income $47,000 $225,000 Average amets $310,000 $5,580,000 Target rate of retur 10.0% 120% Calculate the residual income for the Agriculture Division. $113,000 $16,000 $47,000 $31,000

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