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Combined Income and Retained Earnings Statement for the Year Ended December 31, 2019 (in thousands) Sales Income from Son Cost of sales Other expenses

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Combined Income and Retained Earnings Statement for the Year Ended December 31, 2019 (in thousands) Sales Income from Son Cost of sales Other expenses Net income Add: Beginning retained earnings Deduct: Dividends Retained earnings December 31, 2019 Balance Sheet at December 31, 2019 Cash Inventory Other current assets Plant assets-bet Investment in Son Total assets Current liabilities Capital stock Retained earnings Total equities Son Pop $16.380 1.728 (10,920) $11.200 (8,000) (3,088) (1.200) 4100 2000 2.500 1,400 (2.000) (1,000) $4,600 $2,400 $ 1,516 $ 1,000 840 1.600 1,200 400 6.000 6.000 6,444 $16.000 $9,000 $3,400 $2,600 8,000 4.000 4,600 2.400 $16,000 $9,000 Required: Prepare a consolidation workpaper for Pop Corporation and Subsidiary for the year ended December 31, 2019. You can use the following worksheet paper:

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