Adjusted trial balances for Pop and Son Corporations at December 31, 2016, are as follows (in thousands):

Pop purchased all the stock of Son for $3,200,000 cash on January 1, 2016, when Son's stockholders' equity consisted of $400,000 capital stock and $720,000 retained earnings. Son's assets and liabilities were fairly valued except for inventory that was undervalued by $160,000 and sold in 2016, and plant assets that were undervalued by $320,000 and had a remaining useful life of four years from the date of the acquisition.
Required:
Prepare a consolidated balance sheet for Pop Corporation and Subsidiary at December 31, 2016?

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Pop Son Debits Current assets Plant assets-net Investme nt in Son Cost of sales Other expenses $1,920 4,000 3,360 $ 800 2,400 2400 2,400 800 400 Credits Liabilities Capital stock Retained earnings Sales Income from Son 12,0 60) 3,600 1,680 720 2,400 2,720 4,0003.2 160 $12.880 $6,000