A manufacturer reports the following for two of its divisions for a recent month. Beverage Division Cheese Division Average assets $ 6,400 Sales Income 3,210 726 $ 12,100 5,280 1,010 Exercise 22-13 (Algo) Residual income LO A1 Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division. Target Income Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income