Por Corporation acquired 80% of outstanding stock of SLE Corporation for $1,120,000 cash on January 3, 2011, on which date SLE's stockholder's equity consisted of capital stock of $800,000 and retained earnings of $200,000. There were no changes in the outstanding stock of either corporation during 2011 and 2012. At December 31, 2012, the adjusted trial balances of Por and SLE are as follows (in thousands):