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 $217,000 $114,000 $ 75,950 $150,000 20x3 192,000 104,000 115,200 241,000 20x4 261,000 174,000 139,200 314,000 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. 20x2 20x3 20X4 Consolidated net income Income assigned to the controlling interest