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On January 1, 2017, Chamberlain Corporation pays $589,600 for a 60 percent ownership in Neville....

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Accounting

On January 1, 2017, Chamberlain Corporation pays $589,600 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $19,900 results from the acquisition. On December 31, 2018, Neville reports revenues of $469,000 and expenses of $313,000 and Chamberlain reports revenues of $753,000 and expenses of $442,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation?

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