8 Zachary Corporation operates three investment centers. The following financial statements apply to the investment center named Bowman Division: BOWMAN DIVISION Income Statement Yor the Year Ended December 31, 2018 Sales revenue $105,480 Cost of goods sold 58.575 Gross margin 46,905 Operating expenses Selling expenses (2,710) Depreciation expense 14.005) Operating income 40,190 Nonoperating item Loss of sale of land (3,200) Net income $ 36,990 BON DIVISION Balance Sheet As of December 31, 2018 Assets $ 12.522 40.286 35.500 90.268 $19.26 Recounts receivable Merchandise aventory Equipment less accumulated depreciation Nooperating assets Totalsts abilities Mccounts payable Tots payable stockholders equity Common stock Betained ning Total liabilities and stookholder' equity 68,000 32819 19.26 Required c. Calculate the ROI for Bowman d. Zachary has a desired ROI of 12 percent. Headquarters has $94,000 of funds to assign to its investment centers. The manager of the Bowman Division has an opportunity to invest the funds at an ROI of 14 percent. The other two divisions have investment opportunities that yield only 13 percent. Calculate the new ROI for Bowman division, if the investment opportunity is adopted by Bowman e. Based on the original data, calculate the original residual income. Also, calculate the new residual income based on information provided in Requirement d. Complete this question by entering your answers in the tabs below Required C Required D Required E Calculate the ROI for Bowman (Round your answer to 'decimal places. (.., 2345 should be entered as 23.45).) ROL Re > Complete this question by entering your answers in the tabs below. Required C Required D Required E Zachary has a desired ROI of 12 percent. Headquarters has $94,000 of funds to assign to its investment centers. The manager of the Bowman Division has an opportunity to invest the funds at an ROI of 14 percent. The other two divisions have investment opportunities that yield only 13 percent. Calculate the new ROI for Bowman division, if the investment opportunity is adopted by Bowman. (Round your answer to 2 decimal places. (1.e. 2345 should be entered as 23.45).) Show less NEN ROI Required RequiredE > Complete this question by entering your answers in the tabs below. Required C Required D Required E Based on the original data, calculate the original residual income. Also, calculate the new residual income based on Information provided in Requirement d. (Round your final answer to nearest whole dollar.) Original residual income New residual income