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The following information relates to the Cliff Division of Mountain Enterprises: Income for the period just ended: $2,100,000 Invested capital: $15,000,000 If the company has

The following information relates to the Cliff Division of Mountain Enterprises: Income for the period just ended: $2,100,000 Invested capital: $15,000,000 If the company has an imputed interest rate of 12%, Cliff's residual income would be:

$252,000.

$300,000.

$1,800,000.

$1,548,000.

None of these.

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