Holo Company reported the following financial numbers for one of its divisions for the year; average assets of $5,930,000; sales of $5,505,000; cost of goods sold of $3,290,000; and operating expenses of $1,160,000. Assume a target income of 14% of average assets. Compute residual income for the division:

Halo Company reported the following financial numben for one of its divisions for the year, average assets of $5.930,000 soles of $5.505,000; cost of dowione