Pil Corporation paid $170,000 for an 80 percent interest in Stu Corporation on December 31, 2011, when Stu's stockholders' equity consisted of $100,000 capital stock and $50,000 retained earnings. A summary of the changes in Pil's Investment in Stu account from December 31, 2011, to December 31, 2015, follows:

Financial statements for Pil and Stu at and for the year ended December 31, 2015, are summarized as follows (in thousands):

ADDITIONAL INFORMATION1. The accounts payable of Stu at December 31, 2015, include $5,000 owed to Pil.2. Pil advanced $25,000 to Stu during 2013. This advance is still outstanding.3. Half of Stu's 2015 dividends will be paid in January 2016.REQUIRED: Prepare workpapers to consolidate the balance sheets only of Pil and Stu Corporations at December 31,2015.

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$170,000 Investment cost December 31, 2011 Increases 80% of Stu's net income 2012 through 2015 112.000 282,000 Decreases 80% of Stu's dividends 2012 through 2015 80% of Amortization of excess fair value over book value: Assigned to inventories, $8,750 (sold in 2012) Assigned to plant assets, $22,500 (depreciated over a nine-year period) 2012 through 2015 Assigned to patents, $31.250 (amortized over a five-year period) 2012 through 2015 Investment balance December 31, 2015 $56,000 7,000 8.000 20.000 91.000 $191.000