9 JEY-7015 Inc. reported the following data for last year. JEY-7015 Inc. Balance Sheet 01:33:12 Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Tesla Inc. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Beginning Balance $ 130,000 334,000 Ending Balance $ 134,000 575,000 831,000 399,000 251,000 $ 2,520,000 $ 382,000 954,000 1,184,000 $ 2,520,000 476,000 486,000 814,000 432,000 247,000 $ 2,589,000 $ 345,000 954,000 1,290,000 $ 2,589,000 JEY-7015 Inc. Incone Statement Saved Sales Operating expenses Net operating incone Interest and taxes: Interest expense Tax expense Net income $122,000 196,000 $ 4,158,000 3,617,460 540,540 318,000 $222,540 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