Comparative income statements of Son Corporation for the calendar years 2016, 2017, and 2018 are as follows (in thousands):

Additional Information:
1. Son was a 75 percent-owned subsidiary of Pop Corporation throughout the 2016-2018 period. Pop's separate income (excludes income from Son) was $21,600,000, $20,400,000, and $24,000,000 in 2016, 2017, and 2018, respectively. Pop acquired its interest in Son at its underlying book value, which was equal to fair value on July 1, 2015.
2. Pop sold inventory items to Son during 2016 at a gross profit to Pop of $2,400,000. Half the merchandise remained in Son's inventory at December 31, 2016. Total sales by Pop to Son in 2016 were $6,000,000. The remaining merchandise was sold by Son in 2017.
3. Pop's inventory at December 31, 2017, included items acquired from Son on which Son made a profit of $1,200,000. Total sales by Son to Pop during 2017 were $4,800,000.
4. There were no unrealized profits in the December 31, 2018, inventories of either company.
5. Pop uses the equity method of accounting for its investment in Son.
Required:
1. Prepare a schedule showing Pop's income from Son for the years 2016, 2017, and 2018.
2. Compute Pop's net income for the years 2016, 2017, and 2018.
3. Prepare a schedule of consolidated net income for Pop Corporation and Subsidiary for the years 2016, 2017, and 2018, beginning with the separate incomes of the two affiliates and including noncontrolling interest computations.

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2017 $48,000 $51,000 $57,000 22,80024,600 27,000 2016 2018 Sales Cost of sales 翌00 26,400 30,000 Gross proft Operating expenses Net income $4,8 00