Pop Corporation issued its own common stock for all the outstanding shares of Son Corporation in a pooling of interests business combination on January 1, 2000. The balance sheets of the two companies at December 31, 1999, were as follows (in thousands):

Required:
Prepare balance sheets for Pop Corporation on January 1, 2000, immediately after the pooling of interests in which Son was dissolved under the following assumptions:
1. Pop issued 800,000 of its common shares for all of Son's outstanding shares.
2. Pop issued 1,000,000 of its common shares for all of Son's outstanding shares?

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Pop $15,000 40,000 Son Current assets Plant assets-net Total assets Liabilities Common stock, $10 par Additional paid-in capital Retained earnings Total equities $4,000 6,000 $55,000$10,000 $3,000 4,000 2,000 1,000 $55,000 $10,000 $10,000 30,000 3,000 12,000