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Purple Corporation recently attempted to expand by acquiring ownership in Green Company. The following ownership structure was reported on December 31, 20X9: Investor Purple Corporation

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Purple Corporation recently attempted to expand by acquiring ownership in Green Company. The following ownership structure was reported on December 31, 20X9: Investor Purple Corporation Green Company Orange Corporation Green Company Investee Green Company Orange Corporation Blue Company Yellow Company Percentage of Ownership Held 70% 10 60 40 The following income from operations (excluding investment income) and dividend payments were reported by the companies during 20X9: Operating Income Company Purple Corporation Green Company Orange Corporation Blue Company Yellow Company $ 91,400 19,800 41,600 101,000 61,000 Dividends Paid $59,500 8,70 31,000 82,000 41,000 Required: Compute the amount reported as consolidated net income for 20X9. Consolidated net income

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