Jaynes Incorporated acquired all of Aaron Company's common stock on January 1, 2023, by issuing 11,000 shares of $1 par value common stock. Jaynes' shares had a $17 per share fair value. On that date, Aaron reported a net book value of $120,000. However, its equipment (with a five-year remaining life) was undervalued by $6,000 in the company's accounting records. Any excess of consideration transferred over fair value of assets and liabilities acquired is assigned to an unrecorded patent to be amortized over ten years.
The following figures came from the individual accounting records of these two companies as of December 31, 2023:
	Jaynes Incorporated	Aaron Company
Revenues	$720,000	$276,000
Expenses	528,000	144,000
Investment income	not given	0
Dividends paid	100,000	60,000
The following figures came from the individual accounting records of these two companies as of December 31, 2024:
	Jaynes Incorporated	Aaron Company
Revenue	$840,000	$336,000
Expense	552,000	180,000
Investment income	not given	0
Dividends paid	110,000	50,000
Equipment	600,000	360,000
Retained earnings, 12/31/24 balance	960,000	216,000
What was consolidated net income for the year ended December 31, 2024?