Calculating Residual Income Forchen, Inc., provided the following information for two of its divisions for last year: Small Appliances Division Cleaning Products Division Sales $34,630,000 $31,300,000 Operating income 2,761,900 1,253,200 Operating assets, January 1 6,396,000 5,740,000 Operating assets, December 31 7,520,000 6,380,000 Forchen, Inc., requires an 8 percent minimum rate of return. Required: 1. Calculate residual income for the Small Appliances Division. $ 2. Calculate residual income for the Cleaning Products Division. $