On January 1, 2019, Pali Company acquired 75% of Silicon Company's voting stock for $44,300 in cash. The noncontrolling interest had an estimated fair value of $12,700. Silicon's assets and liabilities at the date of acquisition were reported at amounts approximating fair value, but it had previously unreported indefinite life identifiable intangibles valued at $21,000. Silicon's total shareholders' equity at January 1, 2019 was as follows: Capital stock $ 2,000 Retained earnings 2,900 Accumulated other comprehensive income 100 Total $5,000 It is now December 31, 2020 (two years later). Identifiable intangibles impairment for 2019 was $1,000 and there was no goodwill impairment. There is no identifiable intangibles impairment for 2020, but goodwill impairment for 2020 is $200. Pali uses the complete equity method to account for its investment. December 31, 2020 trial balances for Pali and Silicon follow. Pali Silicon Dr (Cr) Dr (Cr) Current assets $ 5,000 $ 1,000 Property, net 42,000 28,000 Intangibles Investment in Silicon 45,892 Goodwill Liabilities (53,887) (20,664) Capital stock (15,000) (2,000) RE, beginning (20,000) (4,400) AOCI, beginning (1,100) (116) Sales revenue (25,000) (14,000) Equity in net income of Silicon (1,190) Equity in OCI of Silicon (15) Cost of goods sold 20,000 9,000 4,000 Operating expenses Other comprehensive income Total (700) 3,200 _(20) 0 $ 0 $ What is consolidated net income for 2020? Select one: O A. $2,800 O B. $3,520 O C. $2,600 O D. $2,190