The Millard Division's operating data for the past two years are provided below 22 Year 1 15% ? ? ? $3,310,000 Return on investment Net operating income Turnover Margin Sales Year 2 20% $580,000 5 ? ? 8 0 23:53 Millard Division's margin in Year 2 was 130% of the margin in Year 1 The net operating income for Year 1 was: Multiple Choice $99,300 O $132,400 O $264,800 $232,000