Perez Corporation operates three investment centers. The following financial statements apply to the investment center named Bowman Division BOWMAN DIVISION Income Statement Tor the Year Ended December 31. Year 2 Sales revenue $106, 780 Cont of goods sold 59,775 Cross margin 47,005 Operating expenses Selling expenses (2,840) Depreciation expense (4,185) Operating income 39,980 Nonoperating item Loss on sale of land (2.500) Net income $36,480 BOWMAN DIVISION Balance Sheet As of December 31, Year 2 Assets Cash Accounts receivable Merchandise Inventory Equipment les secumulated depreciation Noboperating assets Total assets tibilities Accounts payable Notes payable stockholders' equity Connon stock Betained earning Total liabilities and stockholder's equity $ 12,572 40,266 36,400 90,418 9.700 $199,356 $9.517 65.000 72,000 42939 $189,356 Required c. Calculate the ROI for Bowman, d. Perez has a desired ROI of 13 percent. Headquarters has $87,000 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 15 percent. The other two divisions have investment opportunities that yield only 14 percent. Calculate the new ROI 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. Complete this question by entering your answers in the tabs below. Required Required D Required E Calculate the ROI for Bowman, (Round your answer to 2 decimal places. (.e. 0.2345 should be entered as 23.45).) ROL % Required D >