JEY-5697 Inc. reported the following data for last year: JEY-5697 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 $ 125,000 332,000 563,000 Ending Balance: $ 133,000 474,000 488,000 825,000 425,000 860,000 400,000 251,000 $ 2,531,000 246,000 $ 2,591,000 $ 386,000 1,015,000 1,130,000 $ 2,531,000 $ 337,000 1,015,000 1,239,000 $ 2,591,000 Sales JEY-5697 Inc. Income Statement $ 4,750,000 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income 3,990,000 760,000 $ 115,000 205,000 320,000 $ 440,000 JEY-5697 Inc. paid dividends of $331,000 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? O $475,000 O $465,500 $ 468,250 O $ 487.750