Pigeon Corporation acquired a 60% interest in Home Company on January 1, 2017, for $72,000 cash when Home had Captial Stock of $60,000 and Retained Earnings of $40,000. All excess purchase cost was attributable to equipment wit a 10-year (straight-line) life. Home suffered a $10,000 net loss in 2017 and paid no dividends. At year-end 2005, Home owed Pigeon $12,000 on account. Pigeon's separate income for 2017 was $150,000. Consolidated net income for 2017 was

a. $135,800

b. $136,800

c. $142,800

d. $143,000

(Please show work)