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

$\backslash$table$[[$Year$,$Summer Company,Parade Corporation$],[\backslash$table$[[$Sales to Parade$],[$Corporation$]],$Net Income,$\backslash$table$[[$Inventory$,],[$December $31]],$Operating Income$],[202,$$$218,000,$$$109,000,$$$76,300,$$$155,000$