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Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $ 5 , 8 5 0

Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,850,000; sales of $5,425,000; cost of goods sold of $3,250,000; and operating expenses of $1,152,000. Assume a target income of 14% of average invested assets. Compute residual income for the division:

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