P 4-1 Calculations five years after acquisition Pea Corporation purchased 75 percent of the outstanding voting stock of Sen Corporation for $4,800,000 on January 1, 2011. Sen's stockholders' equity on this date consisted of the following (in thousands): Capital stock, $10 par $2,000 Additional paid-in capital 1,200 Retained earnings December 31, 2010 1,600 Total stockholders' equity $4,800 The excess fair value of the net assets acquired was assigned 10 percent to undervalued inven- tory (sold in 2011), 40 percent to undervalued plant assets with a remaining useful life of eight years, and 50 percent to goodwill. Comparative trial balances of Pea Corporation and Sen Corporation at December 31, 2015, are as follows (in thousands): Pea Sen $5,200 Other assets-net Investment in Sen75% Expenses (including cost of sales) Dividends Capital stock, $10 par Additional paid-in capital Retained earnings Sales Income from Sen $7,530 4,680 6,370 1,000 $19,580 $6,000 1,700 3,340 8,000 540 $19,580 1,200 400 $6,800 $2,000 1,200 1,600 2,000 $6,800 REQUIRED: Determine the amounts that would appear in the consolidated financial statements of Pea Corporation and Subsidiary for each of the following items: 1. Goodwill at December 31, 2015 2. Noncontrolling interest share for 2015 3. Consolidated retained earnings at December 31, 2014 4. Consolidated retained earnings at December 31, 2015 5. Consolidated net income for 2015 6. Noncontrolling interest at December 31, 2014 7. Noncontrolling interest at December 31, 2015