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 Compan Parade Corporation Year 20X2 20X3 20X4 Sales to Parade Corp. $212,000 187,000 279,000 Net Income $102,000 92,000 162,000 Inventory, Dec. 31 $74,200 112,200 148,800 Operating Income $154,000 252,000 307,000 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 Inco me assigned to the controlling interest