Guardian Corporation has two major divisions- Healthcare Products and Pharmaceutical Products. It provides the following information for the year. Pharmaceutical ealthcare Divisi Net sales Operating income Average assets Target rate of return Calculate the residual income for the Healthcare Division. $160,000 $47,000 $300,000 10.0% Division $1,000,000 $220,000 $5,620,000 13.0% A. $17,000 B. $31,000 C. $113,000 D. $47,000