2. The vice president of operations of Recycling Industries is evaluating the performance of two divisions organized as investment centers. Invested assets and condensed income statement data for the past year for each division are as follows: Sales Category Cost of goods sold Operating expenses Invested assets Business Division Consumer Division $42,750,000 $55,000,000 23,000,000 31,000,000 11,200,000 14,500,000 35,250,000 67,000,000 Problem 2 Instructions a. Prepare condensed divisional income statements for the year ended December 31, 2022, assuming that there were no service department charges. b. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment for each division. (Round percentages to one decimal place and the investment turnover to two decimal places.) C. If management desires a minimum acceptable return on investment of 10%, determine the residual income for each division. d. Discuss the evaluation of the two divisions compared to each other, using the performance measures determined in parts (a), (b), and (c)