Separate company financial statements for Pop Corporation and its subsidiary, Son Company, at and for the year ended December 31, 2017, are summarized as follows (in thousands):

Additional Information
1. Pop Corporation acquired 13,500 shares of Son Company stock for $60 per share on January 1, 2016, when Son's stockholders' equity consisted of $600,000 capital stock and $60,000 retained earnings.
2. Son Company's land was undervalued when Pop acquired its interest, and accordingly, $80,000 of the fair value/book value differential was assigned to land. Any remaining differential is assigned to unrecorded patents with a 10-year remaining life.
3. Son Company owes Pop $20,000 on account, and Pop owes Son $20,000 on a note payable.
Required:
Prepare consolidated work-papers for Pop Corporation and Subsidiary for the year ended December 31, 2017?

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Pop Son Combined Income and Retained Earnings Statements for the Year Ended December 31 Sales Income from Son Cost of sales Other Expenses $ 1,600 72 (1,000) $400 (200) 104) (402.4) Net income Add: Retained earnings January1 Deduct: Dividends 708 (200) 136 (64) 6$168 Retained earnings December 31 Balance Sheet at December 31 Cash Accounts receivable-net Dividends receivable from Son Note receivable from Pop Inventory Investment in Son $ 72 320 $ 60 80 28.8 20 40 380 878.4 260 680 520 120 320 200 $840 Buildings-net Equipment-net Total assets Accounts payable Note payable to Son Dividends payable S341.6 20 $ 40 32 600 168 $840 Capital stock, $40 par 2,000 Retained earnings Total equities $3.1392