answer choices-

A. 500,000

B. 491,600

C. 400,000

D. 486,700

Required information Use the following information to answer questions 14-16 (The following information applies to the questions displayed below.) On January 1, 2020, French Company acquired 60 percent of K- Tech Company for $300,000 when K-Techs book value was $400,000. The fair value of the newly comprised 40 percent noncontrolling interest was assessed at $200,000. At the acquisition date, K-Tech's trademark (10-year remaining life) was undervalued in its financial records by $60,000. Also, patented technology (5-year remaining life) was undervalued by $40,000. In 2020, K-Tech reports $30,000 net income and declares no dividends. At the end of 2021, the two companies report the following figures (stockholders' equity accounts have been omitted) Current assets Trademarks Patented technology Liabilities Revenues Expenses Investment income French Company Carrying Amounts $ 620,000 260,000 410,000 (390,000) (900,000) 500,000 Not given K-Tech Company Carrying Amounts $ 300,000 200,000 150,000 (120,000) (400,000) 300,000 K-Tech Company Fair Values $ 320,000 280,000 190,000 (120,000) Note: Parentheses indicate a credit balance. Problem 4-14 (Static) (LO 4-2) What is the 2021 consolidated net income before allocation to the controlling and noncontrolling interests