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Koloa Company purchased $100\%$ of the outstanding voting common shares of Hanapepe Company on December $31,2023$ for $$470,000.$ At that date, Hanapepe had $$200,000$ of common shares and retained earnings of $$130,000.$ It was agreed that the net assets were fairly valued except for Accounts receivable where its fair value is $$250,000$ compared to the carrying value of $$270,779.$ What impact will the Accounts receivable fair value differential have on the consolidated net income for the year ended December $31,2024?$

The consolidated net income will decrease by $$92,826$

The consolidated net income will increase by $$250,000$

The consolidated net income will decrease by $$20,779$

The consolidated net income will increase by $$20,779$