The following information is to be used to answer questions below East Division West Division Central Division Sales $2,000,000 $4,000,000 $3,500,000 Cost of Goods Sold $800,000 $2,040,000 $1,820,000 Allocated Overhead $600,000 $1,200,000 $1,030,000 Selling and Administrative $360,000 $400,000 $240,000 Average Assets $1,800,000 $2,600,000 $1,400,000 Cost of capital is 10% and these are all considered investment centers and we will ignore taxes. Question 41 (3 points) Residual income for the East Division is closest to? O 1) $60,000 O 2) $240, 000 3) $180,000 ( 4) $600,000