Financial data for Guyer Corporation, for last year follow:

Guyer Corporation

Balance SheetBeginning

BalanceEnding

BalanceAssetsCash$140,000$120,000Accounts receivable450,000530,000Inventory320,000380,000Plant and equipment, net680,000660,000Investment in ABC, Inc.250,000280,000Land (undeveloped)180,000170,000Total assets$2,020,000$2,140,000Liabilities and Stockholders' EquityAccounts payable$360,000$310,000Long-term debt1,500,0001,500,000Stockholders' equity160,000330,000Total liabilities and stockholders' equity$2,020,000$2,140,000

Guyer Corporation

Income StatementSales$4,050,000Operating expenses3,660,000Net operating income390,000

Interest and taxes:Interest expense$150,000Tax expense110,000260,000Net income$130,000

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 company's residual income last year?