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. Part 2 of 2 2 points (5 millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,662 2,593 2,681 349 Cheese Division $4,455 4,400 3,925 634 Exercise 24-13 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 complete but not entirely correct. un (5 millions) Average assets Targeted return Target income Residual Income Operating income Less: Target income Residual income $ Beverage 2,628 $ 7% 183.925 $ Beverage 349 $ 183,925 X 165,075 s Cheese 4,428 7% 310 Cheese $ 634 309,925 324,075 S