E 5-8 Consolidated income statement with downstream sales separate incomes (which do not include investment income) of Pop Corporation and Son Corporation, its 80 per owned subsidiary, for 2016 were determined as follows (in thousands): cent- Son Sales Less: Cost of sales Gross profit Other expenses Separate incomes Pop $3,200 1,600 1,600 800 $ 800 $800 320 480 240 $240 During 2016, Pop sold merchandise that cost $160,000 to Son for $320,000, and at December 31, 2016, half of these inventory items remained unsold by Son. REQUIRED: Prepare a co December 31, 2016. nsolidated income statement for Pop Corporation and Subsidiary for the year ended E 5-9 Compute noncontrolling interest and