5. Pop uses the equity method of accounting for its investment in Son.

REQuIRED 1. Prepare a schedule showing Pop’s income from Son for the years 2016, 2017, and 2018.

2. Compute Pop’s net income for the years 2016, 2017, and 2018.

3. Prepare a schedule of consolidated net income for Pop Corporation and Subsidiary for the years 2016, 2017, and 2018, beginning with the separate incomes of the two affiliates and including noncontrolling interest computations.