P4-1 Calculations five years after acqulsition Pam Corporation purchased 75 percent of the outstanding voting stock of Sun Corporation for $4,800,000 on January I, 2016. Sun's stockholders' equity on this date consisted of the following (in thousands): Capital stock, $10 par Additional paid-in capital Retained carnings December 31, 2015 Total stockholders' equity $2,000 1.200 1,600 $4.800 The excess fair value of the net assets acquired was assigned 10 percent to undervalued inven tory (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 Corporation and Sun at December 31, 2020, are as follows in thousands) Pam Sun Other assels -net Investment in Sun 75% Expenses tincluding cost of sales) Dividends $7.530 $5,200 ,680 6.370 1.200 100 1.000 19.580 S6.800 Consolidation Techniques an Sun Pam $6,000 $2,000 1.700 3.340 I 8,000 2.000 540 $19.580 $6.800 Capital stock, $10 par Additional paid-in capital Retained earnings Sales Income from Sun 1,200 1,600 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