2. On December 31,2011, the separate-company financial statement for pan corporation and its 70 percent -owned subsidiary, sad corporation, had the following accounting balance related to

dividends (in thousands):

Dividends for 2011

Dividends payable at December 31, 2011

REQUIRED:

Pan $1,200

600

Sad $800

200

A. At what amount will dividends be shown in the consolidated retained earnings statement?

B. At what amount should dividends payable be shown in the consolidated balance sheet?