** Use the following information to answer the next 2 questions ** Cashen Co. paid $2,400,000 to acquire all of the common stock of Janex Corp. on January 1, 20x1. Janex's reported earnings for 20x1 totaled $432,000, and it paid $120,000 in dividends during the year. The amortization of allocations related to the investment was $24,000. Cashen's net income, not including the investment, was $3,180,000, and it paid dividends of $900,000. On the consolidated financial statements for 20x1, what amount should have been shown for consolidated dividends? Select one: a. $ 900,000. b. $ 876,000. c. $1,020,000. d. $ 996,000. ** Same information as above ** What is the amount of consolidated net income for the year 20x1? Select one: a. $3,300,000. b. $3,588,000. c. $3,180,000. d. $3,612,000