Financial data for Guyer Corporation, for last year follow: Guyer Corporation Balance Sheet Beginning Balance Ending 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' equity $ 2,020,000 $ 2,140,000 Guyer Corporation Income Statement Sales $ 4,050,000 Operating expenses 3,610,000 Net operating income 440,000 Interest and taxes: Interest expense $ 150,000 Tax expense 110,000 260,000 Net income $ 180,000 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 5%. What was the companys residual income last year?