On January $1,2024,$ Patrick Co$.$ acquired $100$ percent of the outstanding voting shares of Nelson Inc. for $$740,000$ cash. At

January $1,2024,$ Nelson's net assets had a total carrying amount of $$580,000.$ Equipment $($eight$-$year remaining life$)$ was

undervalued on Nelson's financial records by $$96,000.$ Any remaining excess fair over book value was attributed to a customer list

developed by Nelson $($four$-$year remaining life$),$ but not recorded on its books. Patrick applies the equity method to account for its

investment in Nelson.

Selected account balances from the two companies' individual records were as follows:

$2024$ Revenues

Patrick Nelson

$2024$ Expenses

$$620,000$$$300,000$

Equity from Nelson Net Income

$?$

What is consolidated net income for Patrick and Nelson for $20224?$

$$302,000$

$$330,000$

$$314,000$

$$250,000$