On January 1, 2017, Champion Corp. pays $400,000 for an 80 percent ownership in Nashua Inc. On December 31, 2018, Nashua Inc. reports revenues of $500,000 and expenses of $400,000 and Champion reports revenues of $800,000 and expenses of $500,000. There is also annual excess fair-value amortization of $20,000. The parents figures do not contain income for the subsidiary.

a. What consolidated net income is attributable to Champion Corporation?