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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
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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