Residual Income The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating income Invested Assets Retail Division $131,400 $730,000 Commercial Division. Internet Division 88,000 167,900 550,000 730,000 Retail Division Commercial Division Internet Division $131,400 $88,000 $167,900 Assume that management has established a 12% minimum acceptable return for invested assets. a. Determine the residual income for each division. Operating income Minimum acceptable operating income as a percent of invested assets Residual income b. Which division has the most residual income? Internet Division