Pam Corporation acquired an 80 percent interest in Sun Corporation on January 1, 2017. Financial statements of Pam and Sun Corporations for the year 2017 are provided in next page in thousands): REQUIRED 1. Prepare worksheet entries. Only the information provided in the financial statements is available: accordingly, your solution will require some standard assumptions. Sun owned unrecorded patents having a fair value of 582,400 with a useful life of 10 years. 2. Complete the consolidation income statement for Pop and Sun at 31 of December 2017 3- Complete the consolidation retained earnings for Pop and Sun at 31 of December 2017 10. 3 2114 | | 260) 4- Complete the consolidation balance sheet for Pop and Sun at 31 of December 2017 Fi TUM 1 || III Pam Corporation acquired an 80 percent interest in Sun Corporation on January 1, 2017. Financial statements of Pam and Sun Corporations for the year 2017 are provided in next page in thousands): REQUIRED 1. Prepare worksheet entries. Only the information provided in the financial statements is available: accordingly, your solution will require some standard assumptions. Sun owned unrecorded patents having a fair value of 582,400 with a useful life of 10 years. 2. Complete the consolidation income statement for Pop and Sun at 31 of December 2017 3- Complete the consolidation retained earnings for Pop and Sun at 31 of December 2017 10. 3 2114 | | 260) 4- Complete the consolidation balance sheet for Pop and Sun at 31 of December 2017 Fi TUM 1 ||