P3-4 Given separate and consolidated balance sheets, reconstruct the schedule to assign the fair value/book value differential Pam Corporation purchased a block of Sun Company common stock for $1,040,000 cash on January 1, 2016. Separate-company and consolidated balance sheets prepared immediately after the acquisition are summarized as follows (in thousands):

Pam Corporation and Subsidiary Consolidated Balance Sheet at January 1, 2016 Pam Sun Consolidated Assets Current assets $ 760 $ 400 $ 1,160 Investment in Sun 1,040 — —
Plant assets—net 2,200 800 3,040 Goodwill — — 220 Total assets $4,000 $1,200 $4,420 Equities Liabilities $1,600 $ 160 $1,760 Capital stock, $20 par 2,000 800 2,000 Retained earnings 400 240 400 Noncontrolling interest — — 260 Total equities $4,000 $1,200 $4,420 REQuIRED: Reconstruct the schedule to assign the fair value/book value differential from Pam’s investment in Sun.