Fine Flooring Inc. acquired $100\%$ of the common shares of Anu Tiles Inc. several years ago. Fine uses the cost method to account for its investment in Anu. On April $1,2023,$ Fine sold manufacturing equipment to Anu for $$800,000.$ The carrying value at that time was $$650,000$ and had an estimated useful life of $5$ years. Both companies pay tax at a rate of $20\%$ and depreciate assets over the useful life, based on the number of months available in the year. For the year ending December $31,2023,$ Fine and Anu reported $$450,000$ and $$560,000,$ respectively, in the separate$-$entity statement of income.

What amount represents the consolidated net income for the year ending December $31,2023?$

Question $11$ options:

$ $914,000$

$ $908,000$

$$1,112,000$

$ $890,000$