Exercise 11-2 (Algo) Residual Income (L011-2) Juniper Design Ltd. of Manchester, England, provides design services to residential developers, Last year, the company had net operating income of $410,000 on sales of $1.200.000. The company's average operating assets for the year were $1,400,000 and its minimum required rate of return was 13% Required: Compute the company's residual income for the year