This is a two part question if someone could show their work for getting the residual income for 20x1 for the Fairmont division and the return on investment that would be great!

LO Required information The following information applies to the questions displayed below.) Part 1 of 2 1.66 points Wyalusing Industries has manufactured prefabricated houses for over 20 years. The houses are constructed in sections to be assembled on customers' lots. Wyalusing expanded into the precut housing market when it acquired Fairmont Company, one of its suppliers. In this market, various types of lumber are precut into the appropriate lengths, banded into packages, and shipped to customers' lots for assembly. Wyalusing designated the Fairmont Division as an investment center. Wyalusing uses return on investment (ROI) as a performance measure with investment defined as average productive assets. Management bonuses are based in part on ROI. All investments are expected to earn a minimum return of 14 percent before income taxes. Fairmont's ROI has ranged from 23.3 to 26.5 percent since it was acquired. Fairmont had an investment opportunity in 20x1 that had an estimated ROI of 22 percent. Fairmont's management decided against the investment because it believed the investment would decrease the division's overall ROI. The 20x1 income statement for Fairmont Division follows. The division's productive assets were $10,500,000 at the end of 20x1, a 5 percent increase over the balance at the beginning of the year. Print References FAIRMONT DIVISION Income Statement For the Year Ended December 31, 20x1 (in thousands) Sales revenue Cost of goods sold Gross margin Operating expenses: Administrative $ 5,080 Selling 10, 780 Income from operations before income taxes $57,920 39, 600 $18, 320 15,860 $ 2, 460 $18, 320 5 Gross margin Operating expenses: Administrative Selling Income from operations before income taxes $ 5,080 10, 780 15,860 $ 2,460 Part 1 of 2 Required: 1-a. Calculate the return on investment (ROI) for 20x1 for the Fairmont Division. 1-b. Calculate residual income for 20x1 for the Fairmont Division. 1.66 points Complete this question by entering your answers in the tabs below. Print References Reg 1A Req 1B Calculate the return on investment (ROI) for 20x1 for the Fairmont Division. Return on investment % Req1A Req 1B Saved $18, 320 5 Gross margin Operating expenses: Administrative Selling Income from operations before income taxes $ 5,080 10, 780 15,860 $ 2,460 Part 1 of 2 Required: 1-a. Calculate the return on investment (ROI) for 20x1 for the Fairmont Division. 1-b. Calculate residual income for 20x1 for the Fairmont Division. 1.66 points Complete this question by entering your answers in the tabs below. Print References Req 1A Req[1B Calculate residual income for 20x1 for the Fairmont Division. (Enter your answer in dollars and not in thousands.) Residual income