Required information On January 1, 2017, Cale Corp. paid $1,020,000 to acquire Kaltop Co. Kaltop maintained separate incorporation. Cale used the equity method to account for the investment. The following information is available for Kaltop's assets, liabilities, and stockholders' equity accounts on January 1, 2017: Fair Values 120,000 192,000 268,000 516,000 Book Values 120,000 Current assets Land Building (twenty year life) Equipment (ten year life) Current liabilities Long-term liabilities Common stock Additional paid-in capital Retained earnings 72,000 240,000 540,000 24,000 120,000 228,000 384,000 216,000 24,000 120,000 Kaltop earned net income for 2017 of $126,000 and paid dividends of $48,000 during the year. If Cale Corp. had net income of $444,000 in 2017, exclusive of the investment, what is the amount of consolidated net income