[Solved] Royce Co. acquired 60% of Park Co. for $420,000 on December 31, 2014 when Park's book value was $560,000. The Royce stock was not actively traded. On the date of acquisition, Park had equipment (with a ten-year life) that was undervalued in the financial records by $140,000. One year later, the following selected figures were reported by the two companies. Additionally, no dividends have been paid. What is consolidated net income for 2015 attributable to Royce's controlling interest? A)$686,000. B)$560,000. C)$644,000. D)$635,600. E)$691,600. Finely Crystalline: Describes a rock texture that consists of small, closely-packed crystals not easily visible to the naked eye. Calcite: A common mineral form of calcium carbonate, critical in the formation of limestone and marble, and involved in many geological processes. Metamorphosed Fossils: Fossils that have undergone metamorphism, altering their original form and composition due to heat and pressure. Axial Surface: An imaginary surface connecting all the hinge lines of a fold or a series of folds, often perpendicular to the direction of the fold.