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Guyer Corporation Balance Sheet Beginning Balance Ending Balance $ 140,000 $ 120,000 450,000 530, 680 320,000 380,000 680,000 620,000 250,000 180,000 $2,020,000 $2,188,888 28e, eee
Guyer Corporation Balance Sheet Beginning Balance Ending Balance $ 140,000 $ 120,000 450,000 530, 680 320,000 380,000 680,000 620,000 250,000 180,000 $2,020,000 $2,188,888 28e, eee Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in ABC, Inc. Land (undeveloped) Total assets Liabilities and stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 170,000 $360,000 $ 310,000 1,500,000 1,5ee, eee 160,000 290,080 $2,020,000 $2,100,000 Guyer Corporation Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $150,000 Tax expense 110,000 Net income $4,050,000 3,650,000 400,000 260, eee $ 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 10% What was the company's residual Income last year? Multiple Choice O $190,000 o $230,000 $-70,000 $-22.000
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