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Division Z-1 of 69C-Ut4 Company reported sales revenue of $765,000 during 2031. The division's turnover for 2031 was 1.8 and its margin was equal to

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Division Z-1 of 69C-Ut4 Company reported sales revenue of $765,000 during 2031. The division's turnover for 2031 was 1.8 and its margin was equal to 23%. Division Z-1 had a minimum required rate of return during 2031 of 14%. Calculate Division Z-1's residual income for 2031

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