On January $1,2023,$ Otter Company acquired $70$ percent of Jumbo Company for $$560,000$ when Jumbo's book value was

$$600,000.$ The fair value of the newly comprised $30$ percent noncontrolling interest was assessed at $$240,000.$ At the acquisition

date, Jumbo's trademark $(10-$year remaining life$)$ was undervalued in its financial records by $$50,000.$ Also, patented technology $(5-$

year remaining life$)$ was undervalued by $$150,000.$

In $2024,$ Otter reports revenues of $$840,000$ and expenses of $$320,000$ from its separate operations. Jumbo reports revenues of

$$210,000$ and expenses of $$95,000.$ What is the $2022$ consolidated net income before allocation to the controlling and

noncontrolling interest?

$$600,000.$

$$625,000.$

$$610,000.$

$$615,000.$