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 Sales to Parade Corporation Parade Corporation Inventory, Year 20X2 20X3 $ 202,000 177,000 20X4 285,000 Net Income December 31 Operating Income $ 104,000 $ 70,700 94,000 164,000 106,200 $ 167,000 258,000 152,000 318,000 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. Consolidated net income Income assigned to the controlling interest 20X2 20X3 20X4 D