Financial data for Redstone Company for last year appear below: The company paid dividends of $32, 200 last year. The "Investment in Balsam Company" on the balance sheet represents an investment in the stock of another company. The Board of Directors of Redstone has set a minimum required rate of return of 25%. What was the company's residual income last year? a. $4, 700 b. $28, 200 c. $51, 700 d. $18, 800 e. None of the above