Financial data for Guyer Corporation, for last year follow: Guyer Corporation Balance Sheet Beginning Ending Balance Balance Assets Cash $ 140,000 $ 120,000 Accounts receivable 450,000 530,000 Inventory 320,000 380,000 Plant and equipment, net 680,000 660,000 Investment in ABC, Inc. 250,000 280,000 Land (undeveloped) 180,000 170,000 Total assets $2,020,000 $2,140,000 Liabilities and Stockholders' Equity Accounts payable $ 350,000 $ 310,000 Long-term debt 1,500,000 1,500,000 Stockholders' equity 160,000 330,000 Total liabilities and $2,020,000 $2,140,000 stockholders' equity Guyer Corporation Income Statement Sales $4,050,000 Operating 3,650,000 expenses Net operating 400,000 income Interest and taxes: Interest $150,000 expense Tax expense 110,000 260,000 Net income $ 140,000 The company paid dividends of $15,000 last year. The "Investment in ABC, Inc." on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 9%. What was the company's residual income last year