Scott Company acquired $70\%$ of Gregg Company for $$525,000$ on December $31,2022$ when Gregg's book value was $$580,000.$ The Gregg

stock was not actively traded. On the date of acquisition, Gregg had equipment $($with a ten$-$year life$)$ that was undervalued in the financial

records by $$170,000.$ One year later, the two companies provided the selected amounts shown below. Additionally, no dividends have been

paid.

What amount of consolidated net income for $2023$ is attributable to Scott's controlling interest?

$$723,000$

$$668,200$

$$680,100$

$$580,000$

$$692,000$