The following information pertains to the three divisions of Merrymount Company:

	Division X	Division Y	Division Z
Sales	?	?	1,250,000
Net operating income	$ 36,000	$25,000	$ 75,000
Average operating assets	300,000	?	?
Return on investment	?	20%	15%
Margin	0.10	0.05	?
Turnover	1.5	?	?
Target ROI	15%	12%	10%

What is the residual income for Division X?

a.$(9,000)

b.$(36,000)

c.$45,000

d.$36,000