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The Qi Division of Tiana Company has the following data related to a particular period: Average invested capital $ 694,682 Imputed interest rate 11.9 %

The Qi Division of Tiana Company has the following data related to a particular period:

Average invested capital

$

694,682

Imputed interest rate

11.9

%

Revenues

$

2,192,538

Variable costs

$

1,028,947

Fixed costs related solely to the division

$

658,938

Calculate the amount of residual income for the Qi Division for the period.

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