Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year. the company had net operating income of $410,000 on sales of $1,200,000. The company's average operating assets for the year were $1,400,000 and its minimum required rate of return was 16% Required: Compute the company's residual income for the year. Answer is complete but not entirely correct. Residual income $ 218,000