Exercise 11-2 (Algo) Residual Income [LO11-2] Juniper Design Limited of Manchester, England, provides design services to residentiai developers, Last year, the company had net operating income of $410,000 on sales of $1,800,000. The companys average operating assets for the year were $2,000,000 and its minimum required rate of return was 11%. Required: Compute the company's residual income for the year