Required information On January 1, 2016, Pride Corporation purchased 90 percent of the outstanding voting shares of Star, Inc. for $547,000 cash. The acquisition date fair value of the noncontrolling interest was $60,800. At January 1, 2016, Star's net assets had a total carrying amount of $425,600. Equipment (eight-year remaining life) was undervalued on Star's financial records by $61,600. Any remaining excess fair value over book value was attributed to a customer list developed by Star (four-year remaining life), but not recorded on its books. Star recorded net income of $53,900 in 2016 and $61,600 in 2017. Each year since the acquisition, Star has declared a $15,400 dividend. At January 1, 2018, Pride's retained earnings show a $192,500 balance. Selected account balances for the two companies from their separate operations were as follows: 2018 Revenues 2018 Expenses Pride $ 383,500 269,600 Star $ 219,500 150,200 What is consolidated net income for 2018