This item presents one of several interrelated items of a multi$-$part segment evaluation problem. One segment of the Hishim Candy Company has provided you with some information about the segment$$s operation for the past fiscal year. The segment investment $($average assets$)$ was $$4,000,000.$ The sales were $$4,800,000.$ The income of the segment was $$540,000.$ The firm$$s cost of capital $($and minimum desired rate of return$)$ is $12\%.$ What is the residual income for the segment for the period?