Required information Beagle Co. owned 80% of Maroon Corp. Maroon owned 90% of Eckston Inc. Separate company net incomes for 2018 are shown below, these figures contained no investment income. Amortization expense was not required by any of these acquisitions. Included in Eckston's operating income was a $56,000 gross profit on intra-entity transfers to Maroon. Separate net income Beagle Co. Maroon Corp. Eckston Inc. $420,000 $280,000 $280,000 The accrual-based net income of Maroon Corp. is calculated to be Multiple Choice O $481,600 O $472,700