P Company acquired an 80% interest in S Company on January 1, 2016, for $450,000 cash when S Company had common stock of $250,000 and retained earnings of $250,000. All excess was attributable to plant assets with a 10-year life. S Company made $50,000 in 2016 and paid no dividends. P Company's separate income in 2016 was $630,000. The controlling interest in consolidated net income for 2016 is:

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