QUESTION 18 Padre, Inc. owns 80 percent of Sanora, Inc. Pradre reports net income for 2020 (without consideration of its investment in Sanora, Inc.) of 51,655,000. For the same year, Sanora reports net income of $550,000. Padre had bonds payable outstanding on January 1, 2020 with a carrying value of $1,200,000. Sanora acquired the bonds on the open market on January 3, 2020 for $1,090,000. For the year 2020, Padre reported interest expense on the bonds in the amount of 596,000, while Sanora reported interest income of $94,000 for the same bonds. What is Padre's share of consolidated net income? 52,176,000 $2,317.000 $2.066.000. $2,207,000 None of the above