JEY-5658 Inc. reported the following data for last year: JEY-5658 Inc. Balance Sheet Ending Balance Assets Cash $ 132,000 $ 137,000 Accounts receivable 336,000 485,000 Inventory 576,000 490,000 Plant and equipment, net 796,000 768,000 Investment in Tesla Inc. 405,000 426,000 Land (undeveloped) 247,000 245,000 Total assets $ 2,492,000 $ 2,551,000 Liabilities and Stockholders' Equity $ 347,000 Accounts payable Long-term debt $ 389,000 968,000 1,135,000 968,000 1,236,000 Stockholders' equity Total liabilities and stockholders' equity $ 2,492,000 $ 2,551,000 JEY-5658 Inc. Income Statement Sales $ 3,906,000 3,281,040 624,960 Operating expenses. Net operating income Interest and taxes: Interest expense Tax expense $ 128,000 205,000 333,000 Net income $ 291,960 JEY-5658 Inc. paid dividends of $190,960 last year. The "Investment in Tesla Inc." item on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is 15%. What was the company's residual income last year? O $336,460 O $ 339,210 O $ 358,710 O $ 345,960 Beginning Balance