Green obtained 100% of Vega on January 1, 2009, by issuing 20,000 shares of its $10 par value common stock with a fair value of $100 per share. On January 1, 2009, Vega's land was undervalued by $100,000, its buildings were overvalued by $60,000 and equipment was undervalued by $80,000. The buildings have a 15-year life and the equipment has a 10-year life. $80,000 was attributed to an unrecorded trademark with a 16-year remaining life.
Following are selected accounts for Green Corporation and Vega Company as of December 31, 2010. Several of Green's accounts have been omitted.
If this combination is viewed as an acquisition, what was consolidated net income for the year ended December 31, 2010?