Brady, Inc., a calendar-year corporation, acquires 75% of Austin Company on September 1, 2020, and an additional 10% on January 1, 2021. Total annual amortization of $10,000 relates to the first acquisition. Austin reports the following figures for 2021:

Revenues	$	570,000
Expenses		430,000
Retained earnings, 1/1/21		302,000
Dividends paid		50,000
Common stock		220,000

Without regard for this investment, Brady independently earns $360,000 in net income during 2021.

All net income is earned evenly throughout the year.

What is the controlling interest in consolidated net income for 2021?

Select one:

a. $470,500.

b. $465,000.

c. $457,500.

d. $479,000.

e. $408,000.