Baywatch Industries has owned 80 percent of Tubberware Corporation for many years. On January 1, 20X6, Baywatch paid Tubberware $213,000 to acquire equipment that Tubberware had purchased on January 1, 20X3, for $234,000. The equipment is expected to have no scrap value and is depreciated over a 15-year useful life.

Baywatch reported operating earnings of $110,000 for 20X8 and paid dividends of $45,000. Tubberware reported net income of $44,000 and paid dividends of $23,000 in 20X8. (Leave no cell blank, enter "0" wherever required.)

Compute the amount reported as consolidated net income for 20X8.

Consolidated net income_______

By what amount would consolidated net income change if the equipment sale had been a downstream sale rather than an upstream sale?

Net income change______