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 $211,000 $119,000 $73,850 $170,000
20X3 186,000 109,000 111,600 256,000
20X4 264,000 179,000 140,800 312,000

Parade acquired 70 percent of the ownership of Summer on January 1, 20X1, at underlying book value

Compute consolidated net income and income assigned to the controlling interest for 20X2, 20X3, and 20X4