Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Tesla Inc. Land (undeveloped) Total assets JEY-7387 Inc. Balance Sheet Beginning Balance $ 139,000 342,000 576,000 Ending Balance $ 129,000 481,000 471,000 789,000 431,000 253,000 Liabilities and Stockholders' Equity Accounts payable 773,000 401,000 253,000 $ 2,484,000 Total liabilities and stockholders' equity $ 375,000 1,023,000 1,086,000 $ 2,484,000 $ 2,554,000 $ 350,000 1,023,000 1,181,000 $ 2,554,000 Long-term debt Stockholders' equity Sales JEY-7387 Inc. Income Statement $ 3,700,000 3,108,000 Operating expenses Net operating income Interest and taxes: Tax expense Interest expense Net income 592,000 $ 122,000 202,000 324,000 $ 268,000 JEY-7387 Inc. paid dividends of $173,000 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? $307,750 $327,250 $314,500 $305,000