Q4: On January 1, 2015, a parent company purchased 90 percent of the stock in a subsidiary. On January 1, 2011, no goodwill was recorded and the book value of the subsidiary's assets equals the market value of the subsidiary's assets. On December 31, 2015, the two companies report the following data: (1 marks) Parent Company Net Income for Past Year $100 million Subsidiary Company Net Income for Past Year million $50 What is the consolidated net income for the year ended December 31, 2015