Pop Company paid $198,000 for a 90 percent interest in Son on January 5, 2016, when Son's capital stock was $120,000 and its retained earnings $40,000. Trial balances for the companies at December 31, 2019, are as follows (in thousands):

The excess fair value over book value acquired was assigned $20,000 to undervalued inventory items that were sold in 2016 and the remainder to patents having a remaining useful life of 10 years from January 1, 2016.
Required
1. Summarize the changes in Pop Company's Investment in Son account from January 5, 2016, through December 31, 2019.
2. Prepare consolidation work-papers for Pop Company and Son for 2019 using the trial balance approach for your work-papers?

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Pop $ 22 Son $ 30 50 360 Cash Accounts receivable Plant assets Investment in Son Cost auls soll Operating expenses Dividends 30 273.6 100 50 40 60 80 20 955.6600 $ 100 60 120 Accumulated depreciation Liabilities Capital stock Paid-in excess Retained earnings Sales Income from Son $180 160 200 40 143.2 140 180 200 32.4 50556 00 =