Alpha Corporation owns 100% of Beta Company, and Beta owns 80% of Gamma, Inc., all of which are domestic corporations. There were no excess allocation values at the date of acquisition of the subsidiaries. Information for the three companies for the year ending December 31, 2021 follows: 
What is Gamma's accrual-based net income for 2021?
Definitions:
Total Materials Costs
The sum of all costs associated with the materials used in the manufacture of a product.
Conversion Costs
The combined costs of direct labor and manufacturing overheads, which are incurred to convert raw materials into finished products.
Manufacturing Costs
Expenses directly related to the production of goods, including raw materials, labor, and factory overhead.
Work in Process
Work in process refers to the goods in production that are not yet completed, representing a stage between raw materials and finished goods.
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