In its consolidated cash flow statement for the year ended December 31, Year 2, Gonzalez Corporation reported operating cash inflows of $568,000, financing cash outflows of $460,000, investing cash outflows of $160,000, and an ending cash balance of $114,000. Gonzalez purchased 70 percent of Montebello Company's common shares on March 12, Year 1, at book value. Montebello reported net income of $60,000, paid dividends of $20,000 in Year 2, and is included in Gonzalez's consolidated statements. Gonzalez paid dividends of $90,000 in Year 2. The indirect method is used in computing cash flow from operations. Required: (a) What was the cash balance at January 1, Year 2 on the consolidated cash flow statement? (Omit $ sign in your response.) Cash balance $ (b) What amount was reported as dividends paid in the cash flow from financing activities section of the consolidated cash flow statement? (Omit $ sign in your response.) Dividends paid $ (c) If the other adjustments to reconcile consolidated net income and cash provided by operations resulted in a $154,000 increase over net income, what amount was reported as consolidated net income for Year 2? (Omit $ sign in your response.) Consolidated net income