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Worth Corporation acquired all the common shares of Net Inc. on December 3 1 , 2 0 2 3 , when Net's retained earnings was

Worth Corporation acquired all the common shares of Net Inc. on December 31,2023, when Net's retained earnings was $1,200,000. Two of Net'sassets had a fair value different from carrying value: a building, and a patent. At acquisition, the building's fair value was greater than the carryingvalue by $80,000 and had an estimated useful life of 8 years. The patent's fair value was greater than the carrying value by $140,000 and had anestimated useful life of 7 years. Worth accounts for its investment in Net using the cost method. The following are excerpts from the separate entitystatements as of December 31,2026:NetWorth$375,000Net income$ 495,000Dividends declared and paid on Nov 15,2026200,00075,0001,675,000Opening retained earings-January 1,20262,100,000Which amount represents consolidated net income for the year ending December 31,2026?XO$840,000$640,000$900,000$670.0004

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