On January 1, 2016, Pride Corporation purchased 90 percent of the outstanding voting shares of Star, Inc. for $547,000 cash. The acquisition-date fair value of the noncontrolling interest was $60,800. At January 1, 2016, Stars net assets had a total carrying amount of $425,600. Equipment (eight-year remaining life) was undervalued on Stars financial records by $61,600. 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 $53,900 in 2016 and $61,600 in 2017. Each year since the acquisition, Star has declared a $15,400 dividend. At January 1, 2018, Prides retained earnings show a $192,500 balance.

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

	Pride			Star
2018 Revenues	$	383,500		$	219,500
2018 Expenses		269,600			150,200

What is consolidated net income for 2018?

Multiple Choice

• $183,200.

• $145,350.

• $147,185.

• $149,200.