Carroll Company sells all its output at 25 percent above cost. Pacific Corporation purchases all its inventory from Carroll. Selected information on the operations of the companies over the past three years is as follows:

	Carroll Company		Pacific Corporation
Year	Sales to Pacific Corp.	Net Income	Inventory, Dec. 31	Operating Income
20X2	$218,000	$108,000	$ 76,300	$156,000
20X3	193,000	98,000	115,800	255,000
20X4	267,000	168,000	142,400	310,000

Pacific acquired 60 percent of the ownership of Carroll on January 1, 20X1, at underlying book value.

Required:

Compute consolidated net income and income assigned to the controlling interest for 20X2, 20X3, and 20X4.

Consolidated net income

income assigned to the controlling interest