Northern Pride Inc., a diversified company, operates four departments. The company has collected the following departmental information for 2020: Department Sales Cost of Goods Sold Operating Expenses Current Investment 1 $ 228,000 $ 171,000 $ 15,105 $ 199,500 2. 102,600 39,900 26,790 239,400 3 1,710,000 1,337,220 1,254,000 209.760 4 1,425,000 855,000 314,640 1,596,000 Your answer is correct, Calculate residual income and rank department performances. Assume that the company requires a minimum return on the current investment of 10%. Department RI Rank 1 $ 37706 3 v $ 32319 4 3 $ 146718 2 4 229824 1 e Textbook and Media