Harrison PLC acquires 80 percent of David PLC for $2,080,000 on January 1,

2014. The book values of David PLC's assets and liabilities are equal to the fair values. David PLC reports net income of $500,000 during the year. Dividends of $200,000 are declared by David PLC on December 20. These dividends are to be paid next year. The balance sheets of Harrison PLC and David PLC at December 31, 2014 are as follows (in thousands):

Harrison PLC

David PLC

cash

$300

$80

Account receivable

400

200

Dividends receivable

160

___

Equipment-net

1000

800

Building-net

2000

1000

land

1600

1400

Investment in david plc

2320

Account payable

500

80

Dividends payable

100

200

Note payable

1000

400

Capital stock

2000

1000

Retained earnings

4180

1800

Harrison PLC accounts payable includes $100,000 owed to David PLC.

Prepare consolidated balance sheet workpapers for Harrison PLC and

Subsidiary at December 31, 2014.