eBook Residual Income Print Item Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last year's results: Net (after-tax) income Total capital employed Adams Division Jefferson Division $605,000 4,200,000 $371,700 3,607,500 In addition, Washington Company's top management has set a minimum acceptable rate of return equal to 7%. Required: Enter negative values as negative numbers. 1. Calculate the residual income for the Adams Division. 2. Calculate the residual income for the Jefferson Division. Check My Work Previout All work saved Seve and be Subont Acgement for Grading