Required information Use the following information for the Exercises below. [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 Cheese Division $2,688 $4,481 2,606 4,413 2,694 362 3,938 647 Exercise 22-13 Residual income LO A1 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.) Answer is not complete. (S millions) Beverage Cheese Average assets $ 2,637 $ 4,447 Targeted return 14% 14% Target income $ 369 $ 610 Residual Income Beverage Cheese Operating income Less: Target income Residual income 362 $ 647 185 311