Question: On January 1 , 2 0 2 3 , Chamberlain Corporation pays $ 5 5 3 , 6 0 0 for a 6 0 percent

On January 1,2023, Chamberlain Corporation pays $553,600 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $21,600 results from the acquisition. On December 31,2024, Neville reports revenues of $466,000 and expenses of $320,000 and Chamberlain reports revenues of $808,500 and expenses of $449,500. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation?

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