Feldman, Inc. paid $400,000 to acquire all of the common stock of Howell Corp. on January 1, 2017. Howells reported earnings for 2017 totaled $89,000, and it paid $25,000 in dividends during the year. The amortization of allocations related to undervalued assets was $6,000. Feldmans net income, not including the investment, was $535,000, and it paid dividends of $90,000. What is consolidated net income for 2017?

Select one:

A. $535,000

B. $618,000

C. $630,000

D. $624,000