Saved Beginning Balance JEY-7015 Inc. reported the following data for last year: JEY-7015 Inc. Balance Sheet Ending Balance Assets Cash $ 134,000 Accounts receivable Inventory 476,000 $ 130,000 334,000 575,000 831,000 486,000 814,000 Plant and equipment, net Investment in Tesla Inc. Land (undeveloped) 399,000 251,000 432,000 247,000 Total assets $ 2,520,000 $2,589,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt $ 382,000 954,000 1,184,000 Stockholders equity. $ 345,000 954,000 1,290,000 $2,589,000 Total liabilities and stockholders' equity $ 2,520,000 JEY-7015 Inc. Incone Statement $ 4,158,000 3,617,468 540,540 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense $ 122,000 196,000 318,000 $ 222,540 Net income JEY-7015 Inc. paid dividends of $116,540 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? $ 269,790 $247,540 $250,290 $257,040