Pop Corporation paid $1,680,000 for a 30 percent interest in Son Corporation's outstanding voting stock on January 1, 2016. The book values and fair values of Son's assets and liabilities on January 1, along with amortization data, are as follows (in thousands): Book Value s 400 700 1,000 200 Fair Value $ 400 1,200 1,700 Accounts receivable net Inventories (sold in 2016) Other current assets Buildings-net (10-year remaining life1500 1.200 $5.900 2.000 $6,700 s 80o 1,100 Equipment-net (7-year remaining life Total assets Accounts payable Other current liabilities Bonds payable (due January 1, 2021) Capital stock. S10 par Retained earnings Total equities s 8oo 200 1.0oo 3,000 900 $5,900 Son Corporation reported net income of $1.200000 for 2016 and paid dividends of $600,000