JEY-2680 Inc. reported the following data for last year: 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 JEY-2680 Inc. Balance Sheet Beginning Balance $ 137,000 345,000 574,000 824,000 406,000 Ending Balance $ 135,000 472,000 485,000 828,000 428,000 246,000 Total liabilities and stockholders' equity $ 376,000 1,021,000 1,137,000 $ 2,534,000 248,000 $ 2,534,000 $ 2,594,000 $ 336,000 1,021,000 1,237,000 $ 2,594,000 Sales Operating expenses JEY-2680 Inc. Income Statement $ 4,180,000 3,594,800 Net operating income Interest expense Interest and taxes: Tax expense Net income $ 123,000 204,000 585,200 327,000 $ 258,200 JEY-2680 Inc. paid dividends of $158,200 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? $293,450 $ 312,950 $ 290,700 $ 300,200