QUESTION 1 on January 1, 2018, Gregory Corporation acquired 90 percent of Nova Company's voting stock, at underlying book value. The turvaline of Neves Mock was equal to its booke wa Gogoyutes the cost method in accounting for its ownership of Nova, The Income statement Grupory and Nova for the year 20X8 are given below: Nova Corp 120,000 Sales Revenue Dividend Revenue Total Revenue Less Expenses Net Income Gregory Corp 200.000 9,000 209,000 -139.000 70,000 120.000 - 90,000 30,000 Nove paid a dividend of $10,000 for the year 20x8. Grogory decided to adopt the EQUITY METHOD, then what amount will be reported by Gregory as the consolidated net income in the consolidated income statement? 5109,000 $100.000 $129.000 391,000