On December 31, 20X4, PLE Corp. purchased 100% of the outstanding voting shares of SPP Inc. On this date, SPP reported $200,000 in common shares and $420,000 in retained earnings. PLE uses the INA approach for this investment. The following AD schedule has been provided regarding the purchase: AD and amortization schedule Acquisition (SFP) SCI SFP SCI SFP 12/31/20X4 20X5 12/31/20X5 20X6 12/31/20X6 Inventory $ 35,000 $ 35,000 Land 170,000 $ 170,000 $ 170,000 Building and equipment 315,000 31,500 283,500 $ 31,500 252,000 Long-term debt (215,000) (86,000) (129,000) (86,000) (43,000) Goodwill 300,500 300,500 20,500 280,000 $ 605,500 $ (19,500) $ 625,000 $(34,000) $ 659,000 During 20X6, in their legal entity income statements, PLE reported $140,000 and SPP reported $190,000 of interest expense. What amount would be reported as consolidated interest expense on the consolidated SCI?

a) $244,000 b) $287,000 c) $296,000 d) $416,000