Pie Corporation acquired 85 percent of Slice Company's common stock on December 31, 20X5, at underlying book value. The book values and fair values of Slice's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 15 percent of the total book value of Slice. Slice provided the following trial balance data at December 31, 20X5: Credit Cash Accounts Receivable Inventory Buildings and Equipment (net) Cost of Goods Sold Depreciation Expense Other Operating Expenses Dividends Declared Accounts Payable Notes Payable Common Stock Retained Earnings Sales Total Debit $ 28,900 64,300 88,000 217,000 106,000 24,400 30,540 15,000 $ 33,200 114,000 90,000 128,500 208,440 $574,140 $574,140 d. If Pie had purchased its ownership of Slice on January 1, 20X5, at underlying book value and Pie reported income of $144,750 from its separate operations for 20X5, what amount of consolidated net income would be reported for 20X5? % Answer is complete but not entirely correct. Consolidated net income $ 185,125 X