if the A company purchased its ownership of the B company on January 1st at underlying book value and A company reported income of $145000 from its separate operations for the year, what amount of consolidated net income would be reported for the year.

Debit

Cash $ 27,200

Accounts Receivable 64,150

Inventory 91,400

Buildings and Equipment (net) 206,000

Cost of Goods Sold 106,000

Depreciation Expense 24,200

Other Operating Expenses 30,500

Dividends Declared 15,500

Credits:

Accounts Payable $ 33,200

Notes Payable 118,000

Common Stock 93,000

Retained Earnings 126,000

Sales 194,750

Total $ 564,950 $ 564,950