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On January 1, 2020, Chamberlain Corporation pays $413,200 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $21,400 results from the acquisition.

On January 1, 2020, Chamberlain Corporation pays $413,200 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $21,400 results from the acquisition. On December 31, 2021, Neville reports revenues of $489,000 and expenses of $382,000 and Chamberlain reports revenues of $789,000 and expenses of $473,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation?

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