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The Consumer Products Division of Goich Corporation had average operating assets of $1,750,000 and net operating income of $160,700 in May. The minimum required rate

The Consumer Products Division of Goich Corporation had average operating assets of $1,750,000 and net operating income of $160,700 in May. The minimum required rate of return for performance evaluation purposes is 9%.

What was the Consumer Products Division's residual income in May?

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