On January 1, 2017, Chamberlain Corporation pays $481,600 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $24,700 results from the acquisition. On December 31, 2018, Neville reports revenues of $512,000 and expenses of $386,000 and Chamberlain reports revenues of $754,000 and expenses of $430,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation?

Multiple Choice

• $512,000.

• $425,300.

• $409,480.

• $384,780.