Comparative balance sheets for Pop and Son Corporations at December 31, 2015, are as follows (in thousands):

On January 2, 2016, Pop issues 240,000 shares of its stock with a market value of $40 per share for all the outstanding shares of Son Corporation in an acquisition. Son is dissolved. The recorded book values reflect fair values, except for the buildings of Pop, which have a fair value of $6,400,000, and the current assets of Son, which have a fair value of $1,600,000.
Pop pays the following expenses in connection with the business combination:
Costs of registering and issuing securities .................. $240,000
Other direct costs of combination ........................... $400,000
Required:
Prepare the balance sheet of Pop Corporation immediately after the acquisition?

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Pop Son $2,080 800 4,800 3,520 Current assets Land Buildings-net Equipment-net Total assets Current liabilities Capital stock, $10 par Additional paid-in capital Retained earnings Total equities $960 1,600 1,600 3,840 $8,000 $960 $11,200 800 8,000 800 1,600 3,200 2,240 1,600 $11,200 $8,000