JEY-4502 Inc. reported the following data for last year: JEY-4502 Inc. Balance Sheet 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 Beginning Balance $ 137,000 332,000 577,000 804,000 399,000 254,000 $ 2,503,000 $ 381,000 987,000 1,135,000 $ 2,503,000 Ending Balance $ 137,000 485,000 485,000 783,000 431,000 247,000 $ 2,568,000 $ 342,000 987,000 1,239,000 $ 2,568,000 Sales JEY-4502 Inc. Income Statement Operating expenses Net operating income Interest and taxes: $ 113,000 192,000 Interest expense Tax expense Net income $ 5,049,000 4,392,630 656,370 305,000 $ 351,370 JEY-4502 Inc. paid dividends of $247,370 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? $375,870 $ 366,370 $369,120 $ 388,620