On January 1, 2013, Musial Corp. sold equipment to Matin Inc. (a wholly-subsidiary) for $168,000 in cash. The equipment originally cost $140,000 but had a book value of only $98,000 when transferred. On that date, the equipment had a five-year remaining life. Depreciation expense was calculated using the straight-line method Musial earned $308,000 in net income in 2013 (not including any investment income) Matin reported $126,000. Assume there is no amortization relate to the original investment. What is consolidated net income for 2013? Assuming that Musial owned only 90% of Matin, what is consolidated net income for 2013