Portland Communications Company (PCC) operates an internet and communications network in several cities in the northwest. Division managers at PCC are evaluated annually based on their division's residual income. The Seattle Division reported the following data for the most recent year: Revenue $2,200,000 Investment in $8,000,000 assets Operating $1,100,000 expenses Required rate 10% per year of return What was the Seattle Division's residual income last year? O ($30,000) O $300,000 O $1,000,000 O $770,000 O None of the above 19