JEY-5100 Inc. reported the following data for last year. Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Tesla Inc. Land (undeveloped) Total assets JEY-5100 Inc. Balance Sheet Beginning Balance Ending Balance $ 133,000 $ 138,000 348,000 470,000 564,000 479,000 825,000 823,000 393,000 431,000 246,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity $ 2,509,000 $ 381,000 986,000 1,142,000 Total liabilities and stockholders' equity $ 2,509,000 250,000 $ 2,591,000 $ 347,000 986,000 1,258,000 $ 2,591,000 Sales JEY-5100 Inc. Income Statenent $ 5,292,000 4,656,960 Operating expenses Net operating income Interest and taxes: 5 128,000 190,000 Interest expense Net income 635,040 318,000 $317,040 JEY-5100 Inc. paid dividends of $201,040 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% me, 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 825,000. 393,000 246,000 $ 2,509,000 823,000 431,000 250,000 $ 2,591,000 $ 347,000 986,000 1,258,000 $ 381,000 986,000 1,142,000 $ 2,509,000 $ 2,591,000 Sales JEY-5100 Inc. Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Net income $128,000 190,000 $ 5,292,000 4,656,960 635,040 318,000 $317,040 JEY-5100 Inc. paid dividends of $201,040 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? $364,290 O $ 342,040 O $344,790 O$ 351,540