Answer:
$2,176,000
Step-by-step explanation:
The computation of the Carlson’s share of consolidated net income is shown below:
= Net income for 2018 + Madrid net income × ownership percentage + income from bond + excess interest
= $1,500,000 + $705,000 × 80% + $110,000 + $2,000
= $1,500,000 + $564,000 + $110,000 +$2,000
= $2,176,000
The income from bond would be
= $1,200,000 - $1,090,000
= $110,000
And, the excess interest would be
= $96,000 - $94,000
= $2,000