Assume an investor acquired 100% of the voting common stock of an investee on January 1, 2012 in a transaction that qualifies as a business combination. As a result of the acquisition, the investor recognized no goodwill and no bargain purchase gain in the post-acquisition consolidated financial statements (i.e., all of the resulting Acquisition Accounting Premium relates to identifiable net assets). The investor uses the equity method to account for its pre-consolidation investment in the investee. In addition, there are no intercompany transactions between the investor and investee. The following summarized pre-consolidation financial statement information is for the year ending December 31, 2019: Income Statement Investor Investee Revenues Income from Investee Expenses Consolidated net income. NCI $2,232,000 $307,200 141,600 0 (1,800,000) (156,000) 573,600 151,200 Net income $573,600 $151,200 Statement of Retained Earnings Retained earnings, January 1 $720,000 $36,000 Net income Dividends declared Retained earnings, December 31 Balance Sheet Investment in Investee All other assets Total assets Liabilities 573,600 151,200 (60,000) (36,000) $1,233,600 $151,200 $283,200 $0 4,598,400 384,000 $4,881,600 $384,000 $2,880,000 $148,800 Common stock and additional paid-in capital 768,000 84,000 Retained earnings Total liabilities and equity 1,233,600 151,200 $4,881,600 $384,000 Understanding consolidated balances What amount of "net income" will be reported in the consolidated income statement for the year ending December 31, 2019? $141,600 $573,600 $151,000 $564,000x