Planet Ltd. acquired a 100% interest in the common shares of Star Co. on January 1, 2019. An acquisition differential of $10,000 was identified and allocated to production equipment, which was estimated to have a remaining useful life of 5 years. For 2019, Star Co. reported a net income of $60,000 and paid dividends of $20,000. Planet Ltd.'s net income for 2019 (not including income from its investment in Star Co.) was $100,000. 

If consolidated financial statements were prepared for 2019, what would be reported as consolidated net income?