On january 1, 2016, pride corporation purchased 90 percent of the outstanding voting shares of star, inc. for $540,000 cash. the acquisition-date fair value of the noncontrolling interest was $60,000. at january 1, 2016, star’s net assets had a total carrying amount of $420,000. equipment (eight-year remaining life) was undervalued on star’s financial records by $80,000. any remaining excess fair value over book value was attributed to a customer list developed by star (four-year remaining life), but not recorded on its books. star recorded net income of $70,000 in 2016 and $80,000 in 2017. each year since the acquisition, star has declared a $20,000 dividend. at january 1, 2018, pride’s retained earnings show a $250,000 balance. select account balances for the two companies from their separate operations were as follows : - pride star 2018 revenues $ 498,000 $ 285,000 2018 expenses 350,000 195,000 what is consolidated net income for 2018?