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 20X2 20X3 20X4 Sales to Parade Corp. $218,000 Net Income $100,000 Parade Corporation Inventory, Dec. 31 $ 76,300 Operating Income $168,000 193,000 234,000 90,000 160,000 115,800 244,000 124,800 319,000 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