Residual Income [L011-2] 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 $600,000 on sales of $3,000,000. The company's average operating assets for the year were $2, 800,000 and its minimum required rate of return was 18%. Required: Compute the company's residual income for the year