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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 Net Inventory, Operating Dec. 31 Sales to Income Year Pacific Corp. Income 20X2 20X3 20X4 $212,000 $111,000 187,000 225,000 101,000 171,000 S74,200 $163,000 112,200 250,000 120,000 305,000 Pacific acquired 70 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 20X2 20X3 20X4 Consolidated net income Income assigned to the controlling interest