Pop Corporation pays $176,000 for 80% of the outstanding voting stock of Son Corporation on Jan 1, 2016, when Son's stockholders' equity consists of $120,000 capital stock and $60,000 retained earnings. Son's net income and dividends were as follows:

	2016	2017
Net income	$50,000	$60,000
Dividends	30,000	30,000

How would dividends paid from the subsidiary be treated in the consolidated income statement ? Also, would dividends paid be recorded in Pop's Corporation's books? or only Son's books, at the entire amount ?