Problem 4-6 (LO 4-4)

On January 1, 2014, Chamberlain Corporation pays $658,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $23,000 results from the acquisition. On December 31, 2015, Neville reports revenues of $542,000 and expenses of $367,000 and Chamberlain reports revenues of $755,000 and expenses of $403,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to the Chamberlain Corporation?

$443,200.$542,000.$504,000.$466,200.