! Required information [The following information applies to the questions displayed below.] A manufacturer reports the following for two of its divisions for a recent month. Beverage Division Average assets Sales Income $ 7,400 3,360 816 Cheese Division $ 13,600 5,480 1,160 Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division. Target Income Beverage Cheese Average assets $ 7,400 Targeted return Target income Residual Income Residual income Beverage Cheese