On January 1, 2021, Lapwing Corporation purchased 70% of the common stock of Forage Corporation for $320,000 when Forage had Common Stock outstanding of $100,000 and Retained Earnings of $200,000. Any excess differential was attributed to goodwill. At the end of 2021, Lapwing and Forage had unrealized inventory profits in their ending inventories left from intercompany sales of $6,000 and $8,000, respectively. These year-end profit amounts were realized in 2022. At the end of 2022 Lapwing held inventory acquired from Forage with a $10,000 unrealized profit. Lapwing reported separate income of $100,000 for 2022 and paid dividends of $30,000. Forage reported separate income of $70,000 for 2022 and paid dividends of $20,000. Required: Compute the amount of consolidated net income for 2022.