Pin Corporation acquired a 90 percent interest in Sun Corporation for $360,000 cash on January 2, 2014, when Sun had capital stock of $200,000 and retained earnings of $150,000. Sun purchased its 10 percent interest in Pin in 2015 for $80,000. The excess of Pin's investment fair value over book value acquired is due to goodwill.

Financial statements for the year ended December 31, 2018, are as follows (in thousands):

REQUIRED:
Prepare a consolidation workpaper using the treasury stock approach.

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Pin Sun Combined Income and Retained Earnings Statement for the Year Ended December 31 Sales Investment income Dividend inco Cost of goods sold Expenses $400 27 $100 10 (50) (30) me (200) (50) Net income Add: Beginning retained earnings Deduct: Dividends 300 (100) S377 200 (20) $210 Retained earnings December 31 Balance Sheet at December 31 Other assets Investment in Sun (90%) Investment in Pin (10%) $486 414 $420 80 $500 Total assets Liabilities Capital stock $900 $123 400 377 $900 $90 200 210 $500 Retained earnings Total equities