Ajax Corporation purchased at book value $70$ percent of Beta Corporation's ownership and $90$ percent of Cole Corporation's ownership in $20$X$5.$ At the dates the ownership was acquired, the fair value of the noncontrolling interest was equal to a proportionate share of book value. There are frequent intercompany transfers among the companies. Activity relevant to $20$X$8$ follows:

intercorporate investments$),$ Beta reported net income of $$44,5000$ of income from its separate operations $($excluding income from

Required:

a$.$ Compute the amount to be reported as consolidated net income for $208.$

Note: Do not round intermediate calculations.

Consolidated net income