a)$121,900 b)$131,180 c)$164,000 d)$133,700

On January 1, 2016, Pride Corporation purchased 90 percent of the outstanding voting shares of Star, Inc. for $586,000 cash. The acquisition-date fair value of the noncontrolling interest was $65,000. At January 1, 2016, Star's net assets had a total carrying amount of $455,000. Equipment (eight-year remaining life) was undervalued on Star's financial records by $55,200. Any remaining excess fair value over book value was attributed to a customer list developed by Star (four-year remaining life), but not recorded on its books. Star recorded net income of $48,300 in 2016 and $55,200 in 2017. Each year since the acquisition, Star has declared a $13,800 dividend. At January 1, 2018, Pride's retained earnings show a $172,500 balance. Selected account balances for the two companies from their separate operations were as follows: 2018 Revenues 2018 Expenses Pride $ 343,700 241,800 Star $ 196,800 134,700 What is consolidated net income for 2018