Major Corporation Operates a Wholesale Electrical Supply Company with Two

Major Corporation operates a wholesale electrical supply company with two locations.Each location is evaluated as an investment center.Selected results from the latest year are as follows:
$$\begin{array}{lrr} & \underline{\textbf{Location \#1}} & \underline{\textbf{Location \#2}} \\\text{Sales} & \$600,000 & \$800,000 \\\text{Variable expenses} & 460,000 & 660,000 \\\text{Direct fixed expenses} & 100,000 & 80,000 \\\text{Average Assets} & 890,000 & 780,000 \\\text{Current liabilities} & 120,000 & 180,000 \\\text{Required rate of return} & 10\% & 12\% \\\text{Weighted average cost of capital} & 8\% & 6\% \\\text{Tax rate} & 24\% & 28\% \\\end{array}$$
a.Calculate the residual income for Location #1.
b.Calculate the EVA for Location #2.