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

Investor	Investee	Percentage of Ownership Held
Purple Corporation	Green Company		70	%
Green Company	Orange Corporation		10
Orange Corporation	Blue Company		60
Green Company	Yellow Company		40

The following income from operations (excluding investment income) and dividend payments were reported by the companies during 20X9:

Company	Operating Income				Dividends Paid
Purple Corporation		$	88,400			$	58,900
Green Company			19,900				10,300
Orange Corporation			39,650				28,500
Blue Company			98,500				81,200
Yellow Company			58,750				40,500

Required: Compute the amount reported as consolidated net income for 20X9