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: Summer Company Year Sales to Parade Corp. Net Income Parade Corporation Inventory, Dec. 31 20X2 20X3 $201,000 $117,000 20X4 176,000 249,000 107,000 177,000 $ 70,350 105,600 Operating Income $159,000 132,800 250,000 312,000 Parade acquired 60 percent of the ownership of Summer 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 20X2 20X3 20X4