On January 1, 2016, Pride Corporation purchased 90 percent of the outstanding voting shares of Star, Inc. for $481,000 cash. The acquisition-date fair value of the noncontrolling interest was $53,500. At January 1, 2016, Star's net assets had a total carrying amount of $374,500. Equipment (eight-year remaining life) was undervalued on Star's financial records by $72,000. Any remaining excess fair value over book value was attributed to a customer list developed by Star (four-year remaining life), but not recorded on its books. Star recorded net income of $63,000 in 2016 and $72,000 in 2017. Each year since the acquisition, Star has declared a $18,000 dividend. At January 1, 2018, Pride's retained earnings show a $225,000 balance.

Selected account balances for the two companies from their separate operations were as follows:

Pride Star

2018 Revenues $448,200 $256,500

2018 Expenses 315,000 175,500

What is consolidated net income for 2018?