A manufacturer reports the following for two of its divisions for a recent month. Cheese Beverage Division Division $ 11,500 $ 6,000 3,150 690 Average assets Sales 5,200 Income 950 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 Average assets $ 690 $ 950 Targeted retum Target income $ Residual Income Beverage Cheese Residual income