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 Cheese Division Average assets $ 5,000 $ 10,000 Sales Income 3,000 600 5,000 800 Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division. Answer is complete but not entirely correct. Beverage Cheese Income $ Less: Target income 349 $ 183,925 X 634 X 309,925 X Residual income $ 165,075 $ 324,075 x