On January 1, 20X1, Fatima Company acquired 100 percent of Kaya Company for $800,000 when Kaya's book value was $620,000. At the acquisition date, Kaya's trademark (20-year remaining life) was undervalued in its financial records by $80,000. Also, patented technology (5-year remaining life) was undervalued by $100,000. In 20X1, Fatima reports revenues of $840,000 and expenses of $368,000 from its separate operations. Kaya reports revenues of $506,000 and expenses of $213,000. What is the amount of 20X1 consolidated net income?

A $764,000.

B $754,000.

C $741,000.

D $749,000.