Computing Consolidated Net Income Bedford Company purchased a 90% interest in Midway Company's on January 1 of the current year, and the purchase price reflected 90% of Midway's book value of equity. Bedford Company had $400,000 net income for the current year before recognizing its share of Midway Company's net income. If Midway Company had net income of $90,000 for the year, what is the consolidated net income attributable to Bedford shareholders for the year?