QUESTION 7 Dellarte Corporation has two major divisions-Agricultural Products and Industrial Products. It provides the following Information for the year. Industrial A mailture Division Division Net sales $160,000 $1,250,000 Operating Income $47,000 $225,000 Average assets $310,000 $5,580,000 Target rate of return 10.0% 120% Calculate the residual income for the Agriculture Division. O $113,000 $16,000 O $31,000 O $47,000 QUESTION 8