The operating income and the amount of invested assets in each division of Conley Industries are as follows:

	Operating income		Invested Assets
Retail Division	$149,100		$710,000
Commercial Division	45,000		250,000
Internet Division	190,000		760,000

Assume that management has established a 12% minimum acceptable return for invested assets.

a. Determine the residual income for each division.

	Retail Division			Commercial Division			Internet Division
Operating income	$149,100			$45,000			$190,000
Minimum acceptable operating income as a percent of invested assets
Residual income	$			$			$