Walmart reported the following data for last year:

Walmart Balance Sheet
	Beginning Balance	Ending Balance
Assets
Cash	$ 127,000	$ 129,000
Accounts receivable	333,000	484,000
Inventory	570,000	484,000
Plant and equipment, net	820,000	793,000
Investment in Tesla Inc.	407,000	430,000
Land (undeveloped)	253,000	247,000
Total assets	$ 2,510,000	$ 2,567,000
Liabilities and Stockholders' Equity
Accounts payable	$ 378,000	$ 339,000
Long-term debt	1,023,000	1,023,000
Stockholders' equity	1,109,000	1,205,000
Total liabilities and stockholders' equity	$ 2,510,000	$ 2,567,000

Walmart Income Statement
Sales		$ 5,049,000
Operating expenses		4,342,140
Net operating income		706,860
Interest and taxes:
Interest expense	$ 121,000
Tax expense	208,000	329,000
Net income		$ 377,860

Walmart paid dividends of $281,860 last year. The Investment in Rivian 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?

• $ 419,610

• $ 426,360

• $ 439,110

• $ 416,860