On January 1, 2017, Chamberlain Corporation pays $510,400 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $24,800 results from the acquisition. On December 31, 2018, Neville reports revenues of $481,000 and expenses of $347,000 and Chamberlain reports revenues of $799,000 and expenses of $494,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation?

Multiple Choice

• $481,000.

• $395,320.

• $414,200.

• $370,520.