P 8-10 Workpaper (midyear purchase of 10% interest, downstream sales) 10 percent interest in Son for $67,500, to bring its interest in Son to 80 percent. The financial statements of Pop and Son Corporations at and for the year ended December 31 . 2017 , are as follows (in thousands): Additional Information 1. The fair value/book value differential from Pop's two purchases of Son was goodwill. were inventoried by Son at year-end 2016, and three-fourths of the 2017 sales remained unsold by Son at year-end 2017 . Son owes $2017 purchases. 3. At year-end 2016, Son purchased land from Pop for $20,000. The cost of this land to Pop was $12,000. the machinery. 5. Pop uses a one-line consolidation in accounting for Son. Both Pop and Son corporations declared dividends for 2017 in equal amounts in June and December. Required Prepare a workpaper to consolidate the financial statements of Pop Corporation and Subsidiary for the year ended December 31,2017