On January 1, 2021, Entity A acquired 80% of the outstanding ordinary shares of Entity B with again on bargain purchase amounting to 1,000,000. The following additional data were provided:

On January 1, 2021, Entity A sold a black equipment to Entity B with cost of 1,000,000 and accumulated depreciation of 400,000 at a selling price of 900,000. The black equipment had an original life of 5 years with no residual value. On July 1, 2022, Entity B sold a white equipment to Entity A with cost of 500,000 and accumulated depreciation of 300,000 at a selling price of 150,000. The white equipment has an original life of 10 years with no residual value On Year 2022, Entity A reported net income of 5,000,000 and declared dividends of 2,000,000 while Entity B reported net income of 1,000,000 and declared dividends of 500,000

What is the consolidated net income attributable to parents shareholders for the year ended December 31, 2022?