This question is based on the information in the previous question. Recall that Big Company purchased 100% of Small Company's common stock for $900,000 on 1/1/X1 and elected the equity method. At the time, Small's equity included $400,000 of capital stock and $300,000 of retained earnings. An appraisal of Smalls assets identified the followina items: Assume that Small reported a $100,000 income and paid $10,000 of cash dividends to shareholders on 12/31/1. Big reported $200,000 of income from its own operations Based on the above information, how much consolidated income should P recognize