conneit.mheduction.comUow/connecthtml S Assignment Help Seve&Ex Sub Planet Ltd acquired a 100% interest in the common shares of Star Co. on January 1 2019 An acquisition differential of $10,000 was identified and allocated to production equipment, which was estimated to have a remaining useful life of 5 years. For 2019, Star Co. reported net income of $60,000 and paid dividends of $20,000 Planet Ltd 's net income for 2019 (not including income from its investment in Star Co) was $100,000 If consolidated financial statements were prepared for 2019, what would be reported as consolidated net income? Multiple Choice $100 000 $158.000 $160,000 Multiple Choice $100,000 $158,000 $160000 $140.000 4 8 Next K Prey