JEY-1587 Inc. reported the following data for last year:

JEY-1587 Inc. Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 136,000	$ 136,000
Accounts receivable	346,000	489,000
Inventory	568,000	474,000
Plant and equipment, net	790,000	781,000
Investment in Tesla Inc.	404,000	431,000
Land (undeveloped)	246,000	246,000
Total assets	$ 2,490,000	$ 2,557,000
Liabilities and Stockholders' Equity
Accounts payable	$ 376,000	$ 343,000
Long-term debt	965,000	965,000
Stockholders' equity	1,149,000	1,249,000
Total liabilities and stockholders' equity	$ 2,490,000	$ 2,557,000

JEY-1587 Inc. Income Statement
Sales		$ 4,278,000
Operating expenses		3,593,520
Net operating income		684,480
Interest and taxes:
Interest expense	$ 129,000
Tax expense	207,000	336,000
Net income		$ 348,480

JEY-1587 Inc. paid dividends of $248,480 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 companys residual income last year?