1. Son was a 75 percent–owned subsidiary of Pop Corporation throughout the 2016–2018 period. Pop’s separate income (excludes income from Son) was $21,600,000, $20,400,000, and $24,000,000 in 2016, 2017, and 2018, respectively. Pop acquired its interest in Son at its underlying book value, which was equal to fair value on July 1, 2015.