Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,860,000; sales of $5,435,000; cost of goods sold of $3,255,000; and operating expenses of $1,153,000. Assume a target income of 15% of average invested assets. Compute residual income for the division:

Multiple Choice

• $154,050.
• $211,750.
• $154,100.
• $148,000.
• $102,700.