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Renz Co . acquired 8 5 % of the voting common stock of Sogers Corp. on January 1 , 2 0 2 4 . During

Renz Co. acquired 85% of the voting common stock of Sogers Corp. on January 1,2024. During 2024, Sogers had revenues of $2,900,000 and expenses of $2,400,000. The amortization of fair value allocations totaled $60,000 in 2024. Not including its investment in Sogers, Renz Co. had its own revenues of $5,800,000 and expenses of $3,200,000 for the year 2024. What amount would Renz Co. report as consolidated net income for 2024?
a. $1,800,000
b. $3,040,000.
c. $800,000
d. $1,800,000
e. $1,735,000
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