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 Cheese Division Division Average assets $ 6,000 $ 11, 500 Sales 3, 150 5, 200 Income 690 950 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 Targeted return Target income Residual Income Beverage Cheese Residual income