Cashen Co. paid $2,400,000 to acquire all of the common stock of Janex Corp. on January 1, 2017. Janex's reported earnings for 2017 totaled $432,000, and it paid $120,000 in dividends during the year. The amortization of allocations related to the investment was $24,000. Cashen's net income, not including the investment, was $3,180,000, and it paid dividends of $900,000. MC Qu. 19 On the consolidated financial statements... On the consolidated financial statements for 2017, what amount should have been shown for consolidated dividends? Multiple Choice

a. $876,000.

b. $996,000.

c. $1,020,000.

d. $948,000.

e. $900,000.