Erin's reported Taylor Co. paid $2,400,000 to acquire all of the common stock of Erin Corp. on January 1, 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. Taylor's net income, not including the investment, was $3,180,000, and it paid dividends of $900,000. 20) On the consolidated financial statements for 2017, what amount should have been shown for consolidated dividends? 20). A) $900,000. B) $948,000. C) $996,000. D) $876,000. E) $1,020,000.