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 20X2 20X3 20X4 Summer Company Sales to Parade Corp. Net Income $204,000 $117,000 179,000 107,000 264,000 177,000 Parade Corporation Inventory, Dec. 31 Operating Income $ 71,400 $160,000 107,400 245,000 140,800 317,000 Parade acquired 70 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