Inc. reported the following data for last year: Inc. Balance Sheet Beginning Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Tesla Inc. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 135,000 338,000 Ending Balance $ 137,000 569,000 788,000 408,000 249,000 $ 2,487,000 $ 383,000 1,004,000 1,100,000 $ 2,487,000 487,000 489,000 757,000 435,000 253,000 $ 2,558,000 $ 332,000 1,004,000 1,222,000 $ 2,558,000 Sales Inc. Income Statement $ 4,255,000 3,616,750 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 118,000 207,000 638,250 325,000 $ 313,250 Inc. paid dividends of $191,250 last year. The "Investment in Tesla Inc." item on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is 15%. What was the company's residual income last year? $ 351,250 $ 360,750 $354,000 $ 373,500