Selected data from Chering Division's accounting records revealed the following: Sales Average investment Net operating income $300,000 $120,000 19,200 Minimum rate of return (divisional cost of capital) 13% If the minimum rate of return (ie, cost of capital) was 12%, Chering Division's residual income (RI) would calculate to be: Multiple Choice $2,300 $6,050 $4,800 $9,600 $16,800