The Majestic Restaurant Has Provided You with the Following Data $\bullet$

The Majestic Restaurant has provided you with the following data for its last financial year:
$\bullet$ Contribution margin: $400,000
$\bullet$ Fixed costs: $80,000
$\bullet$ Assets $900,000
Majestic's head office requires a 10% rate of return on assets. What was Majestic Restaurant's residual income in the last financial year?

A) $320,000.
B) $230,000.
C) $90,000.
D) $392,000.
E) $312,000.