Goderich Corporation had net income of $$50,000$ in $Y8$ and $$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 dieferential on this business combination.

What net income would Goderich report for $Y9$ in its comparative

consolidated financial statements at the end of Y $9?$

$$100,000$

$$110,000$

$$130,000$

$$60,000$