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On January 1, 2014, Chamberlain Corporation pays $658,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $23,000 results from the acquisition.

On January 1, 2014, Chamberlain Corporation pays $658,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $23,000 results from the acquisition. On December 31, 2015, Neville reports revenues of $542,000 and expenses of $367,000 and Chamberlain reports revenues of $755,000 and expenses of $403,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to the Chamberlain Corporation?

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