Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,970,000; sales of $5,545,000; cost of goods sold of $3,310,000; and operating expenses of $1,164,000. Assume a target income of 15% of average invested assets. Compute residual income for the division:

Multiple Choice

• $160,650.

• $239,250.

• $160,700.

• $175,500.

• $107,100.