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							Parade Corporation
Year	Sales to Parade Corp.			Net Income				Inventory, Dec. 31			Operating Income
20X2	$	202,000		$	102,000			$	70,700		$	157,000
20X3		177,000			92,000				106,200			253,000
20X4		273,000			162,000				145,600			304,000

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.