Polly Corporation owns 80 percent of Sonny Corporations stock and 90 percent of Daughter Companys stock. The companies file a consolidated tax return each year and in 20X5 paid a total tax of $80,000. Each company is involved in a number of intercompany inventory transfers each period. Information on the companies activities for 20X5 is as follows: Company 20X5 Reported Operating Income 20X4 Intercompany Profit Realized in 20X5 20X5 Intercompany Profit Not Realized in 20X5 Polly Corporation $ 100,000 $ 40,000 $ 10,000 Sonny Corporation 50,000 20,000 Daughter Company 30,000 20,000 10,000 Required: Determine the amount of income tax expense that should be assigned to each company. Compute consolidated net income and income to the controlling interest for 20X5. (Note: Polly Corporation does not record income tax expense on income from subsidiaries because a consolidated tax return is filed.)