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. Average assets Sales Income Beverage Division $ 6,000 3,150 690 Cheese Division $ 11,500 5,200 950 Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division. Cheese Beverage 690 $ $ 950 Target Income Average assets Targeted return Target income $ 0 Residual Income Beverage Cheese Residual income