P4-1 Calculations five years after acqulsition Pam Corponation purchased 75 percent of the outstanding voting stock of Sun Corporation for $4,800,000 on January 1, 2016. Sun's stockholders' equity on this date consisted of the following (in thousands): The excess fair value of the net assets acquired was assigned 10 percent to undervalued inventory (sold in 2016), 40 percent to undervalued plant assets with a remaining useful life of eight years, and 50 percent to goodwill. Comparative trial balances of Pam Corporatien and Sun at December 31, 2020, are as follows (in thousands): Consolidation Techniques an REQUIRED: Determine the amounts that would appear in the consolidated financial statements of Pam Corporation and Subsidiary for each of the following items: 1. Goodwill at December 31,2020 2. Noncontrolling interest share for 2020 3. Consolidated retained earnings at December 31,2019 4. Consolidated retained earnings at December 31,2020 5. Consolidated net income for 2020 6. Noncontrolling interest at December 31,2019 7. Noncontrolling interest at December 31,2020