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On January 1,2023, Chamberlain Corporation pays $532,000 for a 60 percent ownership in...

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Accounting

On January 1,2023, Chamberlain Corporation pays $532,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $19,000 results from the acquisition. On December 31,2024, Neville reports revenues of $471,000 and expenses of $331,000 and Chamberlain reports revenues of $778,000 and expenses of $466,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation?
Multiple Choice
$403,600
$433,000
$471,000
$384,600
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