Problem $4-6($Algo$)($LO $4-4)$

On January $1,2023,$ Chamberlain Corporation pays $$654,400$ for a $60$ percent ownership in Neville. Annual excess fair$-$value amortization of $$23,400$ results from the acquisition. On December $31,2024,$ Neville reports revenues of $$554,000$ and expenses of $$380,000$ and Chamberlain reports revenues of $$805,000$ and expenses of $$462,000.$ The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation?

Multiple Choice

$$493,600$

$$554,000$

$$433,360$

$$456,760$

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