On January 1, 20X1, Forest Company acquired 100 percent of Kent Company for $700,000 when Kent's book value was $540,000. At the acquisition date, Kent's trademark ( 20 year remaining life) was undervalued in its financial records by $60,000. Also, patented technology (10-year remaining life) was undervalued by $100,000. In 20X1, Forest reports revenues of $900,000 and expenses of $482,000 from its separate operations. Kent reports revenues of $512,000 and expenses of $306,000. What is the amount of 201 consolidated net income? $623,000. $611,000. $621,000. $615,000