The income from operations and the amount of invested assets in each division of Shiner Industries are as follows:

	Income from Operations		Invested Assets
Retail Division	$83,600		$440,000
Commercial Division	99,200		620,000
Internet Division	117,000		780,000

Assume that management has established an 8% minimum acceptable return for invested assets.

a. Determine the residual income for each division.

	Retail Division			Commercial Division			Internet Division
Income from operations	$83,600			$99,200			$117,000
Minimum amount of income from operations
Residual income