A summary of changes in the stockholders' equity of Sun Corporation from January 1, 2016, to December 31, 2017, appears as follows (in thousands):

Pam Corporation purchases 40,000 shares of Sun's outstanding stock on July 1, 2016, in the open market for $620,000 and an additional 10,000 shares directly from Sun for $162,000 on January 1, 2017. Any excess of investment fair value over book value is due to goodwill.
REQUIRED
1. Determine the balance of Pam's Investment in Sun account on December 31, 2016.
2. Compute Pam's investment income from Sun for 2017.
3. Determine the balance of Pam's Investment in Sun account on December 31, 2017.

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Capital Additional Stock Paid-in Retained Capital Earnings $10 Par Total Equity $50 (50) 100 $100 $550 (50) 100 $600 162 (60) 150 Balance January 1, 2016 Dividends, December 2016 Income, 2016 $500 $500 100 Balance December 31, 2016 Sale of stock January 1, 2017 Dividends, December 2017 Income, 2017 $62 (60) 150 Balance December 31, 2017 $600 $ 62 $190 $852