P and S Corporations have filed consolidated tax returns for several years. In the current year (Year 1), P began selling inventory items to S. P and S use the first-in, first-out (FIFO) inventory method. P’s profits on its Year 1 inventory sales to S are $75,000. S’s sales to third parties during Year 1 include inventory items that P sells to S during Year 1 for a $40,000 profit; S sells these inventory items to third parties for a $25,000 profit. S’s inventory at the end of Year 1 includes items that P sells to S for a $35,000 profit. S is deemed to sell these to third parties during Year 2 due to its use of the FIFO method and realizes a $22,000 profit on their sale. P’s profits on its Year 2 inventory sales to S are $240,000. S’s sales to third parties during Year 2 include items that P sells to S during Year 2 for a $160,000 profit. S sells these inventory items to third parties for a $105,000 profit. S’s inventory at the end of Year 2 includes items that P sells to S for an $80,000 profit. The group’s consolidated taxable income (before taking into account any adjustments for profits on intercompany inventory sales) is $100,000 in Year 1 and $367,000 in Year 2. For simplicity, assume P and S have no other transactions in these two years. Also, ignore the U.S. production activities deduction. What is the group’s consolidated taxable income for Years 1 and 2?