reported the following data for last year:

JEY-5070 Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 130,000 $ 137,000 Accounts receivable 342,000 486,000 Inventory 575,000 486,000 Plant and equipment, net 823,000 801,000 Investment in Tesla Inc. 397,000 433,000 Land (undeveloped) 248,000 251,000 Total assets $ 2,515,000 $ 2,594,000 Liabilities and Stockholders' Equity Accounts payable $ 373,000 $ 349,000 Long-term debt 987,000 987,000 Stockholders' equity 1,155,000 1,258,000 Total liabilities and stockholders' equity $ 2,515,000 $ 2,594,000

JEY-5070 Inc. Income Statement Sales $ 4,536,000 Operating expenses 3,855,600 Net operating income 680,400 Interest and taxes: Interest expense $ 112,000 Tax expense 196,000 308,000 Net income $ 372,400

JEY-5070 Inc. paid dividends of $269,400 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?

multiple choice $ 390,150 $ 409,650 $ 396,900 $ 387,400