Diamond Company owns $80$ percent of Emerald, and Emerald owns $90$ percent of Sapphire, Incorporated. Separate operating income totals for the current year follow; they contain no investment income. None of these acquisitions required amortization expense. Included in Sapphire's income is a $$51,000$ intraentity gain on transfers to Emerald still in Emerald's possession.

$\backslash$table$[[$Items$,$Diamond Emerald Sapphire$],[$Separate operating income $$388,000,$$$294,000,$$$206,000,]]$

Required:

What is Diamond's accrual$-$based net income for the year?

Multiple Choice

$$734,800$

$$ $$763,600$

$$ $$756,000$

$$ $$747,600$