Exercise 11-2 (Algo) Residual Income (LO11-2) Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year, the company had net operating income of $430,000 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 11% Required: Compute the company's residual income for the year. Residual income