Question: Pob Corporation acquired an 80 percent interest in Sof Corporation on January 2, 2011, for $1,400,000. On this date the capital stock and retained earnings

Pob Corporation acquired an 80 percent interest in Sof Corporation on January 2, 2011, for $1,400,000. On this date the capital stock and retained earnings of the two companies were as follows (in thousands):

Pob Sof Capital stock Retained earnings $1,000 200 $3,600

The assets and liabilities of Sof were stated at fair values equal to book values when Pob acquired its 80 percent interest. Pob uses the equity method to account for its investment in Sof. Net income and dividends for 2011 for the affiliated companies were as follows:

REQUIRED: Calculate the amounts at which the following items should appear in the consolidated balance sheet on December 31, 2011.1. Capital stock2. Goodwill3. Consolidated retained earnings4. Noncontrolling interest5. Dividendspayable

Pob Sof Capital stock Retained earnings $1,000 200 $3,600

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