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Purple Corporation recently attempted to expand by acquiring ownership in Green Company. The following ownership structure was reported on December 31, 20X9: Investor Purple Corporation Green Companyy Orange Corporation Green Company Investee Green Companyy Orange Corporation Blue Company Yellow Company Percentage of Ownership Held 70% 10 60 40 The following income from operations (excluding investment income) and dividend payments were reported by the companies during 20X9 Company Purple Corporation Green Companyy Orange Corporation Blue Company Yellow Company Operating Income $90,000 20,000 40,000 100,000 60,000 Dividends Paid $60,000 10,000 30,000 80,000 40,000 Required: Compute the amount reported as consolidated net income for 20X9 Consolidated net income