Separate company financial statements for Pop Corporation and its subsidiary,

Separate company financial statements for Pop Corporation and its subsidiary, Son Company, at and for the year ended December 31, 2017, are summarized as follows (in thousands):
Separate company financial statements for Pop Corporation and its subsidiary,

Additional Information
1. Pop Corporation acquired 13,500 shares of Son Company stock for $60 per share on January 1, 2016, when Son's stockholders' equity consisted of $600,000 capital stock and $60,000 retained earnings.
2. Son Company's land was undervalued when Pop acquired its interest, and accordingly, $80,000 of the fair value/book value differential was assigned to land. Any remaining differential is assigned to unrecorded patents with a 10-year remaining life.
3. Son Company owes Pop $20,000 on account, and Pop owes Son $20,000 on a note payable.
Required:
Prepare consolidated work-papers for Pop Corporation and Subsidiary for the year ended December 31, 2017?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...