P Inc. owns S Corp.For the current year, P reports net income (without consideration of its investment in S) of $185,000 and the subsidiary reports $105,000.The parent had a bond payable outstanding on January 1 with a carrying amount of $209,000.The subsidiary acquired the bond on that date for $196,000.During the current year P reported interest expense of $18,000 while S reported interest income of $19,000 both related to the intra-entity bond payable.

What is consolidated net income?