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The Painting Division of Puddy Co. reports current operating income of $295,000 and invested assets of $1,400,000. Puddy Co.'s minimum rate of return is 20%.

The Painting Division of Puddy Co. reports current operating income of $295,000 and invested assets of $1,400,000. Puddy Co.'s minimum rate of return is 20%.

Compute the Painting Division's current residual income.

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