Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2018. On that date, Paars equipment (10-year remaining life) has a book value of $320,000 but a fair value of $444,000. Kimmel has equipment (10-year remaining life) with a book value of $285,000 but a fair value of $415,000. Paar uses the equity method to record its investment in Kimmel. On December 31, 2020, Paar has equipment with a book value of $224,000 but a fair value of $378,500. Kimmel has equipment with a book value of $199,500 but a fair value of $369,800. What is the consolidated balance for the Equipment account as of December 31, 2020?

On January 1, 2019, Phoenix Co. acquired 100 percent of the outstanding voting shares of Sedona Inc. for $624,000 cash. At January 1, 2019, Sedonas net assets had a total carrying amount of $436,800. Equipment (eight-year remaining life) was undervalued on Sedonas financial records by $116,000. Any remaining excess fair over book value was attributed to a customer list developed by Sedona (four-year remaining life), but not recorded on its books. Phoenix applies the equity method to account for its investment in Sedona. Each year since the acquisition, Sedona has declared a $13,000 dividend. Sedona recorded net income of $102,000 in 2019 and $118,200 in 2020.

Selected account balances from the two companies individual records were as follows:

	Phoenix			Sedona
2021 Revenues	$	639,000		$	341,200
2021 Expenses		439,000			241,000
2021 Income from Sedona		67,900
Retained earnings 12/31/21		333,900			229,700

What is consolidated net income for Phoenix and Sedona for 2021?