Sarah had no interest expense or interest income reports an ROA of 12.5% and financial leverage of 1.75.The company's average shareholders' equity is $315,000 and its cost of equity capital is 7.7%.If the company began the year with book value per share of $3.00 (the company had 100,000 shares of common stock issued and outstanding) what was its residual income? In addition, assuming that the company did not issue or repurchase any common stock what amount of dividends did the company pay?