Benartzi Company purchased a \(90 \%\) interest in Liang Company on January 1 of the current year and the purchase price reflected \(90 \%\) of Liang's book value of equity. Benartzi Company had \(\$ 600,000\) net income for the current year before recognizing its share of Liang Company's net income. If Liang Company had net income of \(\$ 150.000\) for the year, what is the consolidated net income for the year?