X Corporation owns 80 percent of Y Corporation's common stock and 40 percent of Z Corporation's common stock. Additionally, Y Corporation owns 35 percent of Z Corporation's common stock. The acquisitions were made at book values. The following information is available for 20X8

x y z

operating income 100,000 50,000 25,000

dividends declared 30,000 20,000 10,000

based on the information provided, what amount of consolidated net income will x company report for 20x8?

the answer is 175,000

how to get this answer?and why?