On January 1, 20X1, Clinton purchased 70% of Warren's outstanding common shares. In acquiring this interest, Clinton paid a total of $1,400,000. Warren' net assets had a book value of $1,300,000 at the time. Warren's building with a ten-year life and a book value of $100,000 was worth $180,000. Any other excess amount was attributed to goodwill.

Clinton reports net income for 20X1 of $350,000 excluding any investment income from Warren, while Warren has $175,000 in earnings.

What is the amount of consolidated net income to the controlling interest?