Thornton Home Maintenance Company earned operating income of $$6,691,800$ on operating assets of $$58,700,000$ during Year $2.$ The Tree Cutting Division earned $$1,143,950$ on operating assets of $$6,850,000.$ Thornton has offered the Tree Cutting Division $$2,180,000$ of additional operating assets. The manager of the Tree Cutting Division believes he could use the additional assets to generate operating income amounting to $$422,920.$ Thornton has a desired return on investment $($ROI$)$ of $9\mathrm{.}40$ percent.RequiredCalculate the return on investment for Thornton, the Tree Cutting Division, and the additional investment opportunity.Calculate the residual income for Thornton, the Tree Cutting Division, and the additional investment opportunity.