On January 1, 2020, Chamberlain Corporation pays $578,800 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $20,500 results from the acquisition. On December 31, 2021, Neville reports revenues of $491,000 and expenses of $338,000 and Chamberlain reports revenues of $792,000 and expenses of $422,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation?

• $449,500.

• $470,000.

• $491,000.

• $502,500.