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Tysk earned reported net income of $160,000 in 2016 and $220,000 in 2017. Dividends of $60,000 were paid in each of these two years.

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Tysk earned reported net income of $160,000 in 2016 and $220,000 in 2017. Dividends of $60,000 were paid in each of these two years. Selected account balances as of December 31, 2018, for the two companies follow. Revenues Expenses Jans $1,080,000 Tysk $850,000 480,000 720,000 Investment income Not given 0 Retained earnings, 1/1/18 840,000 600,000 Dividends paid 132,000 60,000 If the partial equity method had been applied, what was 2018 consolidated net income?

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