dends payable E3-9 Prepare stockholders' equity section of consolidated balance sheet one year after acquisition Pam and Sun Corporations' balance sheets at December 31, 2015, are summarized as follows (in thousands): 26 of 33 Pam Sun Cash Other assets 1,020 800 $1,820 80 1,200 200 140 $1,820 240 700 Total assets Liabilities Capital stock, par $10 Additional paid-in capital Retained earnings Total equities $940 $ 140 700 60 40 $940 Pam acquired 80 percent of the voting stock of Sun on January 2, 2016, at a cost of $640,000. The fair values of Sun's net assets were equal to book values on January 2, 2016. During 2016, Pam reported earnings of $220,000, including income from Sun of $64,000, and paid dividends of $100,000. Sun's earnings for 2016 were $80,000, and its dividends were $60,000 REQUIRED Prepare the stockholders' equity section of the December 31,2016, consolidated balance sheet for Pam Corporation and Subsidiary