On January 1, 2023, Chamberlain Corporation pays $654,400 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $23,400 results from the acquisition. On December 31, 2024, Neville reports revenues of $554,000 and expenses of $380,000 and Chamberlain reports revenues of $805,000 and expenses of $462,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation? Multiple Choice $456,760 $433,360 $554,000 $493,600

On January 1, 2023, Chamberlain Corporation pays $654,400 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $23,400 results from the acquisition. On December 31,2024 , Neville reports revenues of $554,000 and expenses of $380,000 and Chamberlain reports revenues of $805,000 and expenses of $462,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation? Multiple Choice $456,760 $433,360 $554,000 $493,600