Goderich Corporation had net income of $$50,000$ in Y$8$ and $$60,000$ in Y$9,$ excluding any income from its investment in Bayfield Company. Bayfield had net income of $$30,000$ in Y$8$ and $$40,000$ in Y$9.$

On January $1,$ Y$9,$ Goderich acquired all of the outstanding common shares of Bayfield for a cash payment of $$300,000.$ Assume that there was no acquisition differential on this business combination.

What net income would Goderich report for Y$9$ in its comparative consolidated financial statements at the end of Y$9?$

Question $37$ options:

$$100,000$

$$110,000$

$$130,000$

$$60,000$