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:

Year	Summer Company		Parade Corporation
	Sales to Parade Corporation	Net Income	Inventory, December 31	Operating Income
20X2	$ 200,000	$ 100,000	$ 70,000	$ 150,000
20X3	175,000	90,000	105,000	240,000
20X4	225,000	160,000	120,000	300,000

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.