eBook Residual Income The income from operations and the amount of invested assets in each division of Devon Industries are as follows Show Me How Calculator Print Item Income from Operations Invested Assets Sporting Goods Division Health Care Division Commercial Division Assume that management has established a 10% minimum acceptable rate of return for invested assets. a. Determine the residual income for each division. $58,000 64,800 118,500 290,000 360,000 790,000 Sporting Goods Division Health Care Division Commercial Division Income from operations Minimum amount of income from operations Residual income b. Which division has the most residual income? $58,000 $64,800 $118,500 Commercial Division Health Care Division Sporting Goods Division