$On$ July $1,2024,$ London, Inc., acquires $80$ percent $of$ Robinson Company for $$560,000.$ The remaining $20$

percent $of$ Robinson's outstanding shares continue $to$ trade $at$ a collective value $of$ $$140,000.On$ that date,

patent owned $by$ Robinson with $10-$year remaining life $is$ undervalued $by$ $$100,000.$ Robinson has book

value $of$ net assets $at$ $$400,000on$ January $1,2024.$ The affiliates report the following $2024$ amounts from

their own separate operations:

Assume Robinson's revenues and expenses occurred uniformly throughout the year. $On2024$

consolidated income statement, what $is$ the amount $of$ consolidated net income allocated $to$ the

controlling interest?

$$410,000$

$$415,000$

$$425,000$

$$420,000$