Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute residual income for the three regions. Ignore taxes. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Region III Region I Region II Residual Income $ 323,000 $ 203,000 $ 253,000 < Required A Required B > Information on the division assets in the three regions of Lauderdale Corporation follows: Region I Region II Region III $ 706,000 636,000 1,296,500 Lauderdale Corporation has a cost of capital of 8.6 percent. Required: a. Compute residual income for the three regions. Ignore taxes. b. How have these regions performed? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Exercise 14-32 (Algo) Comparing Business Units Using Residual Income (LO 14-3) Lauderdale Corporation is organized in three geographical divisions (regions) with managers responsible for revenues, costs, and assets in their respective regions. The firm is highly decentralized and managers are evaluated solely on divisional performance. Corporate overhead (all fixed) is allocated to the regions based on regional gross margin (regional revenue minus regional cost of sales). The following information is from Lauderdale's first year of operations: Revenues Cost of sales Selling, General and Administrative (all fixed) Corporate overhead Region I $ 1,206,000 453,000 429,000 Region II $ 1,656,000 813,000 639,000 Region III Total Corporation $ 2,256,000 1,143,000 859,000 $ 5,118,000 2,409,000 1,927,000 444,000 Information on the division accote in the thron regions of Lauderdalo Corporation followe