Allocate investment income and lossPub Corporation owns 60 percent of Sam Corporation and...

Allocate investment income and loss

Pub Corporation owns 60 percent of Sam Corporation and 80 percent of Tim Corporation. Tim owns 20 percent of Sam. Separate income and loss data (not including investment income) for the three affiliates for 2011 are as follows:

There are no differentials or unrealized profits to consider in measuring 2011 income.

REQUIRED: Calculate the controlling share of consolidated net income for 2011.