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On 10/1/x6, Plyco issued shares of its voting common stock in exchange for 100% of Slycos outstanding common stock in a business combination appropriately accounted for under the purchase method. Both companies have a December 31 year-end. Selected Information for each company follows: Determine the consolidated net income for 20x6.

A. 3, 600, 000 B. 3, 867, 000 C. 3, 500, 000 D. 3, 400, 000 E. THE ANSWER IS NOT PROVIDEDA

Plyco Slyco Net income from own separate operations (exclusive of earnings recorded under the equity method or the cost method): 9 months ended 9/30/x6 3 months ended 12/31/X6 P 2,500,000 1.000.000 3.500.000 500,000 400,000 900.000 P P Dividends declared: 9 months ended 9/30/x6 3 months ended 12/31/x6 P P 1,000,000 400.000 1.400.000 300,000 100,000 400.000 P 0 Amortization of cost in excess of book value for 20x6 (recorded in the general ledger) P 33,000