Hello can someone help me with this question and explain it to me to understand it better.
On January 1, 2014, Chamberlain Corporation pays $658,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $23,000 results from the acquisition. On December 31, 2015, Neville reports revenues of $542,000 and expenses of $367,000 and Chamberlain reports revenues of $755,000 and expenses of $403,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to the Chamberlain Corporation?