Smiles Co acquired 80% of Binder Co for $350,000 on December 31,2012 when Binder's book value was $750,000. Smiles stock was not actively traded. On the date of acquisition, Binder had equipment (with a ten year life) that was undervalued in the financial records by $200,000. One year later, the following selected figures were reported by the two companies.

Smiles Co Binder Co

BV BV FV

Current Assets $755,000 320,000 360,000

Equipment $455,000 300,000 515,000

Buildings $897,000 120,000 120,000

Liabilities $(677,000) (220,000) (220,000)

Revenues $(3,4892,000) (598,000)

Investment in Income Not given

Additionaly, no dividends have been paid

H. What is consolidated net income for 2013 attributable to Smile's controlling interest?