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P6-18 Unrealized Profit on Upstream Sales L0 6-4 Carroll Company sells all its output at 25 percent above cost. Pacific Corporation purchases all its inventory

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P6-18 Unrealized Profit on Upstream Sales L0 6-4 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 Income Sales to Inventory, Operating Dec. 31 YearPacific Co 20X2 20X3 20X4 Income S206,000 $117,000 $72,100 $153,000 181,000 107,000 108,600 244,000 258,000 177,000 137,600 305,000 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 sis a n c cell, so please 20x4 enter numbers only Consolidated net income Income assigned to the controling interest

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