Pelham Co. paid $700,000 2018 and uses the equity meth 1, to acquire all of the common stock of Sam Corp. on January od to account for this investment. Sam's reporte 000, and it paid $20,000 in dividends during the year. The amoruat including ocations related to the investment was $7,000 each year. Pelham's net incor 0 Equity in Sam earnings, was $200,000, and it paid dividends of $80,000 10r What is the amount of Consolidated net income for the year 2018? A. $280,000. B. $200,000 C. $273,000. D. $80,000