North Ontario Inc. $($NOI$)$ reported the following results in $2023$ :

Sales $$1,000,000$

Variable expenses $400,000$

Contribution margin $600,000$

Fixed expenses $400,000$

Net operating income $$200,000$

Average operating assets $$600,000$

This year $(2024),$ the company has a $$120,000$ investment opportunity with the following

cost and revenue characteristics:

Sales $$200,000$

Contribution margin ratio $60\%$ of sales

Fixed expenses $$90,000$

What is the residual income?