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reported the following data for last year. Assets Cash Accounts receivable Inventory Plant and equipment, net Barance Sheet Beginning Balance Investment in Tesla Inc..
reported the following data for last year. Assets Cash Accounts receivable Inventory Plant and equipment, net Barance Sheet Beginning Balance Investment in Tesla Inc.. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 130,000 Ending Balance $ 135,000 344,000 476,000 573,000 487,000 833,000 822,000 407,000 430,000 249,000 251,000 $2,536,000 $ 2,601,000 $ 386,000 1,040,000 1,110,000 $ 338,000 1,040,000 1,223,000 $ 2,536,000 $ 2,601,000 Saved Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income Lement $ 4,750,000 4,132,500 $123,000 210,000 617,500 333,000 $ 284,500 paid dividends of $171,500 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 $332,500 O$ 323,000 O$ 345,250 O $325,750
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