Patriots Co. purchases 70 percent (for underlying BV) of Seahawk Company on January 1, 20X1, when Patriots retained earnings balance is $525,000 and Seahawks' is $300,000. During 20X1, Seahawk reports $120,000 of net income and declares $5,000 of dividends. Patriots reports $375,000 of operating income and included its share of equity-method income from its 70 percent interest in Seahawk in its net income; Patriots declares dividends of $90,000.

What is total Consolidated Income for 20X1?

Group of answer choices

$459,000

$375,000

$495,000

$545,000