Pil Corporation paid $170,000 for an 80 percent interest in Stu Corporation on December 31, 2011, when Stu's stockholders' equity consisted of $100,000 capital stock and $50,000 retained earnings. A summary of the changes in Pil's Investment in Stu account from December 31, 2011, to December 31, 2015, follows (in thousands):

Financial statements for Pil and Stu at and for the year ended December 31, 2015, are summarized as follows (in thousands):

ADDITIONAL INFORMATION
1. The accounts payable of Stu at December 31, 2015, include $5,000 owed to Pil.
2. Pil advanced $25,000 to Stu during 2013. This advance is still outstanding.
3. Half of Stu's 2015 dividends will be paid in January 2016.
REQUIRED
Prepare workpapers to consolidate the balance sheets only of Pil and Stu Corporations at December 31, 2015.

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Investment cost December 31, 2011 $170 Increases 80% of Stu's net income 2012 through 2015 112 282 Decreases 80% of Stu's dividends 2012 through 2015 80% of Amortization of excess fair value over book value: $56 Assigned to inventories, $8,750 (sold in 2012) Assigned to plant assets, $22,500 (depreciated over a nine-year period) 2012 through 2015 Assigned to patents, S31,250 (amortized over 91 $191 a five-year period) 2012 through 2015 20 Investment balance December 31, 2015 Pil Stu Combined Income and Retained Earnings Statements for the Year Ended December 31 $200 $300 25 (180) (50) 95 255 (50) $300 Income from Stu Cost of sales Other expenses (140) _(20 100 $120 Net income Add: Retained earnings January Deduct: Dividends Retained earnings December 31 Balance Sheet at December 31 Cash Trade receivables-net Dividends receivable Advance to Stu $ 35 60 25 125 300 191 $750 35 175 Plant assetsnet Investment in Stu Total assets $300 S 50 Accounts payable Dividends payable Advance from Pil S 45 10 25 100 Capital stock 400 300 Retained earnings Total equities $300