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Required information Postage Corporation receives management consulting services from its 92 percent-owned subsidiary. Stamp Inc....

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Required information Postage Corporation receives management consulting services from its 92 percent-owned subsidiary. Stamp Inc. During 20X7. Postage paid Stamp $125,432 for its services. For the year 20X8, Stamp billed Postage $140,000 for such services and collected all but $7900 by year-end. Stamp's labor cost and other associated costs for the employees providing services to Postage totaled $86,000 in 20X7 and $121,000 in 20X8. Postage reported $2,567,000 of income from its own separate operations for 20X8, and Stamp reported net income of $695,000 Based on the preceding Information, what amount of consolidated net income should be reported in 20x8? Multiple Choice $3.262.000 S4,050.000 O ooo O $3,254100 $3122,000

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