Huntswell Corporation is evaluating its Agricultural Products Division. Data for the year just finished is as follows:

	Agriculture Division
Sales revenue	$140,000
Operating income	$16,500
Average assets	$300,000
Target rate of return	4.0%

For the Agricultural Division, how much is the residual income?

Group of answer choices

$4,500

$1,200

($3,200)

$2,600