Pan Corporation purchased a 75 percent interest in Soy Corporation in the open market on January 1, 2012, for $690,000. A summary of Soy's stockholders' equity on December 31, 2011 and 2012, is as follows (in thousands):

On January 1, 2013, Soy sold an additional 10,000 shares of its own $10 par stock for $30 per share. Pan assigns any excess/deficiency of fair value over book value to goodwill.

REQUIRED:?

Compute the following:

1. The underlying book value of the interest in Soy held by Pan on December 31, 2012.

2. Pan's percentage ownership interest in Soy on January 3, 2013, assuming that Pan purchased the 10,000 additional shares directly from Soy.

3. Pan's investment in Soy on January 3, 2013, assuming that Pan purchased the additional shares directly from Soy.

4. Pan's percentage ownership interest in Soy on January 3, 2013, assuming that Soy sold the 10,000 additional shares to investors outside the consolidated entity.

5. Pan's investment in Soy on January 3, 2013, assuming that Soy sold the 10,000 additional shares to investors outside the consolidated entity and no gain or loss isrecognized.

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December 31 2011 2012 Capital stock, $10 par Additional paid-in capital Retained earnings Total stockholders' equity $400 300 $ 400 300 300 $1,000 S800