Helena Corporation operates three investment centers. The following financial statements apply to the investment center named Bowman Division: BOWMAN DIVISION Income Statement For the Year Ended December 31, 2018 $138,000 78,000 60,000 Sales revenue Cost of goods sold Gross margin Operating expenses (6,000) Selling expenses Depreciation expense 8,000 46, 000 Operating income Nonoperating item Loss of sale of land(16,000) Net income 30,000 BOWMAN DIVISION Balance Sheet As of December 31, 2018 Assets Cash Accounts receivable Merchandise inventory Equipment less accumulated depreciation Nonoperating assets $ 18,898 42,266 37,578 90,258 9,000 $198,000 Total assets Liabilities Accounts payable Notes payable $ 9,637 72,000 Stockholders' eguity Common stock Retained earnings 80,000 36,363 $198,000 Total liabilities and stockholder s equity Required c. Calculate the ROI for Bowman. d. Helena has a desired ROl of 10 percent. Headquarters has $96,000 of funds to assign to its investment centers. The manager of the Bowman Division has an opportunity to invest the funds at an ROI of 12 percent. The other two divisions have investment opportunities that yield only 11 percent. Calculate the new ROl for Bowman division, if the investment opportunity is adopted by Bowman. e. Based on the original data, calculate the original residual income. Also, calculate the new residual income based on information provided in Requirement d