Payne Company Reported the Following Information for the Current Year

Multiple Choice

Payne Company reported the following information for the current year: $$\begin{array} { l l} \text { Sales } & \$ 1,600,000 \\\text { Average Operating Assets } & \$ 500,000 \\\text { Desired ROI } & 14 \% \\\text { Net Income } & \$ 85,000\end{array}$$ The company's residual income was:

A) $(15,000) .
B) $14,000.
C) $15,000.
D) $24,000.