On January 1, 2009, Chamberlain Corporation pays $388,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $15,000 results from the acquisition. On December 31,2010, Neville reports revenues of $400,000 and expenses of $300,000 and Cham¬ berlain reports revenues of $700,000 and expenses of $400,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to the controlling interest? LO6

a. $231,000.

b. $351,000.

c. $366,000.

d. $400,000.