Required information [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. {$ millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $ 2,696 2,610 2,698 366 Cheese Division $ 4,489 4.417 3,942 651 Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division (Enter your answers in millions.) Beverage Cheese ($ millions) Average assets Targeted return Target income Residual Income Operating income Plus: Target income Residual income Beverage Cheese