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 $ 360,000 $ 310,000 Long-term debt 1,500,000 1,500,000 Stockholders' equity 160,000 330,000 Total liabilities and stockholders' $2,020,000 $2,140,000 equity $4,050,000 3,640,000 Guyer Corporation Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $150,000 Tax expense 110,000 Net income 410,000 260,000 $ 150,000 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 8%. What was the company's residual income last year