Answer:
$350,380
Explanation:
Calculation to determine the amount that would appear on the consolidated income
Consolidated income statement.
Sales$1,590,000
($1,000,000+$450,000+$280,000-$100,000-$40,000)
Less :Cost of goods sold ($1,015,000)
($670,000+$280,000+$190,000-$100,000-$25,000)
Less :Expenses ($200,000)
($110,000+$60,000+$30,000)
Dividend income$0
Consolidated net income $375,000
Noncontrolling interests in subsidiaries' income $24,620
Controlling interest in consolidated net income $350,380
Therefore the amount that would appear on the consolidated income will be $350,380
