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	$	210,000		$	118,000			$	73,500		$	160,000
20X3		185,000			108,000				111,000			248,000
20X4		237,000			178,000				126,400			312,000

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.