Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $430 , 000 on sales of $1 , 400 , 000 . The company's average operating assets for the year were $1 , 600 , 000 and its minimum required rate of return was 14% . Required: Compute the company's residual income for the year