Required information West Company acquired 60 percent of Solar Company for $315,000 when Solar's book value was $415,000. The newly comprised 40 percent noncontrolling interest had an assessed fair value of $210,000. Also at the acquisition date, Solar had a trademark (with a 10-year life) that was undervalued in the financial records by $70,000. Also, patented technology (with a 5-year life) was undervalued by $50,00O Two years later, the following figures are reported by these two companies (stockholders' equity accounts have been omitted): Solar Company Fair Value Solar Company Book Value West Company Book Value $ 330,000 290,000 160,000 $ 310,000 210,000 160,000 630,000 270,000 Current assets Trademarks Patented technology Liabilities 420,000 (400,000) (910,000) 490,000 Not given (130,000) (130,000) (410,000) 310,000 Revenues Expenses Investment income es What is the consolidated net income before allocation to the controlling and noncontrolling interests? Multiple Choice $420,000. $509,800. $520,000. $503,000