Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufacturer reports the following for two of its divisions for a recent month. Cheese Division Beverage Division Average assets Sales $ 6,800 3,270 Income 762 $ 12,700 5,360 1,070 Exercise 24-13 (Algo) Residual income LO A1 Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division. Residual income Beverage Cheese