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	$	205,000		$	117,000			$	71,750		$	166,000
20X3		180,000			107,000				108,000			242,000
20X4		276,000			177,000				147,200			308,000

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.