Porn Corporation acquired 8 70 percent Interest In Sam Corporation on January 1 2011 $420,000 cush, when Sam's equity of Sam consisted of $300,000 capkal stock and $200 retained earnings. On July 1 2012, Fam acquired an additional 10 percent Interest In Set $67,800. to bring Its Interest In Sam to 80 percent. The financial statements of Fam and Corporations at and for the year ended December 31, 2012, are as follows ()n thousands) Pam Sam Combined Income and Retained Earnings Statement for the Fear Ended December BI Sales Income from Sam Gun on muchhey Cost of sales 3DO Depreciation expense (50) Other expenses (40) Net Income Add Beginning retained comings 1EE 250 Less: Dividends Retained earnings December 31 200 Balance Sheet al December 31 Gosh Accounts receivable Dividends receivable Inventories 70 Other current Items Land 40 Buildings-na. Machinenemy Investment In Som Accounts payable Dividends payable Other lablives Cupkel stock $10 par Retained earnings Total equities