[Appendix] Prepare balance sheets of pooled companies 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):

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