Depeche Co. paid $2,400,000 to acquire all of the common stock of Mode Corp. on January 1, 2017. Mode'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. Depeche's net income, not including the investment, was $3,180,000, and it paid dividends of $900,000.

14. On the consolidated financial statements for 2017, what amount should have been shown for Equity in Subsidiary Earnings?

A. $432,000.

B.$ -0-

C. $408,000.

D. $120,000.

15. On the consolidated financial statements for 2017, what amount should have been shown for consolidated dividends?

A. $ 900,000.

B. $1,020,000.

C. $ 876,000.

D. $ 996,000.

16. What is the amount of consolidated net income for the year 2017?

A. $3,180,000.

B. $3,612,000.

C. $3,300,000.

D. $3,588,000.