E. 231,800

Carter Company reported the following financial numbers for one of its divisions for the year, average total assets of $4,140,000; sales of $4,565,000, cost of goods sold of $2,590,000, and operating expenses of $1,412,000. Assume a target income of 8% of average invested assets. Compute residual income for the division: Multiple Choice O $158,000 O $24.800 O $189.300. $45,040