Hepa Inc. has owned $100\%$ of the voting common shares of Azin Corporation for several years. Hepa uses the cost method to account for its investment in Azin. Two years ago, Azin sold land to Hepa, for $$275,000,$ which Azin had purchased from an unrelated party for $$150,000.$ In $2026,$ Hepa sold the land to an unrelated entity for $$450,000.$ For the year ending December $31,2026,$ Hepa and Azin had separate entity net income of $$400,000$ and $$250,000,$ respectively. Both companies pay tax at a rate of $20\%.$

What amount represents the consolidated net income for the year ending December $31,2026?$

options:

$$750,000$

$$550,000$

$$950,000$

$$525,000$