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work 0 Saved Purple Corporation recently attempted to expand by acquiring ownership in Green Company. The following ownership structure was reported on December 31, 20X9: Percentage of Ownership Held 70% Investor Purple Corporation Green Company Orange Corporation Green Company Investee Green Company Orange Corporation Blue Company Yellow Company 10 60 The following income from operations (excluding investment income) and dividend payments were reported by the companies during 20x9: Company Purple Corporation Green Company Orange Corporation Blue Company Yellow Company Operating Income $ 90,600 20,600 38,750 104,000 58,000 Dividends Paid $61,900 10,700 29,000 83,000 39,000 Required: Compute the amount reported as consolidated net income for 20X9. Consolidated net income work 0 Saved Purple Corporation recently attempted to expand by acquiring ownership in Green Company. The following ownership structure was reported on December 31, 20X9: Percentage of Ownership Held 70% Investor Purple Corporation Green Company Orange Corporation Green Company Investee Green Company Orange Corporation Blue Company Yellow Company 10 60 The following income from operations (excluding investment income) and dividend payments were reported by the companies during 20x9: Company Purple Corporation Green Company Orange Corporation Blue Company Yellow Company Operating Income $ 90,600 20,600 38,750 104,000 58,000 Dividends Paid $61,900 10,700 29,000 83,000 39,000 Required: Compute the amount reported as consolidated net income for 20X9. Consolidated net income

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