Hi - Can I please have assistance on the following:

Juniper Design Ltd. of Manchester, England, provides design services to residential developers. Last year, the company had net operating income of $430,000 on sales of $1,400,000. The company's average operating assets for the year were $1,600,000 and its minimum required rate of return was 11%.

Required:

Compute the company's residual income for the year.