The Thomas Company has established a target rate of return of $15\%$ for all of its

divisions. In $20$x$8,$ Division X generated sales of $$500,000$ and expenses of $$380,000.$

Total assets at the beginning of the year were $$500,000,$ and total assets at the end of

the year were $$620,000.$ For $20$x$8,$ what was Division X$$s residual income?

A$.$ $$27,000$

B$.$ $$120,000$

C$.$ $$45,000$

D$.$ $$36,000$