JEY-4184 Inc. paid dividends of $100,400 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 $ 271,150 O $248,900 O $251,650 O $ 258,400 JEY-4184 Inc. paid dividends of $100,400 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 $ 271,150 O $248,900 O $251,650 O $ 258,400 5 3 01:00:36 JEY-4184 Inc. reported the following data for last year. DEY-4184 Inc. Balance Sheet Ending Balance Assets Cash $ 131,000 Accounts receivable $ 130,000 338,000 563,000 477,000 Inventory 472,000 Plant and equipment, net 849,000 840,000 Investment in Tesla Inc. 429,000 396,000 248,000 Land (undeveloped) 251,000 Total assets $ 2,524,000 $ 2,600,000 Liabilities and Stockholders' Equity Accounts payable $ 376,000 1,003,000 Long-term debt $ 332,000 1,003,000 1,265,000 Stockholders equity 1,145,000 Total liabilities and stockholders' equity $ 2,524,000 $ 2,600,000 JEY-4184 Inc. Income Statement Sales $ 4,180,000 3,636,600 543,400 Operating expenses Net operating income Interest and taxes: Interest expense $ 122,900 201,000 Tax expense 323,000 Net income $ 220,400 JEY-4184 Inc. pald dividends of $100,400 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? Beginning Balance