Use the following information to answer questions 14-16 West Company acquired 60 percent of Solar Company for $330,000 when Solar's book value was $430,000. The newly comprised 40 percent noncontrolling interest had an assessed fair value of $220,000. Also at the acquisition date, Solar had a trademark (with a 20-year life) that was undervalued in the financial records by $80,000. Also, patented technology (with a 10-year life) was undervalued by $60,000. Two years later, the following figures are reported by these two companies (stockholders' equity accounts have been omitted): Current assets Trademarks Patented technology Liabilities Revenues Expenses Investment income West Company Book Value $ 640,000 280,000 430,000 (410,000) (920,000) 480,000 Not given Solar Company Book Value $ 320,000 220,000 170,000 (140,000) (420,000) 320,000 Solar Company Fair Value $ 340,000 300,000 170,000 (140,000) What is the consolidated net income before allocation to the controlling and noncontrolling interests? Multiple Choice $534,000. $540,000. $440,000. $530,000