Problems P $2-1$ Computations for a midyear purchase $($investee has a discontinued operations gain$)$ Pop Corporation paid $\backslash (\backslash$$ $686,000\backslash )$ for a $30$ percent interest in Son Corporation's outstanding voting stock on April $1,2016.$ At December $31,2015,$ Son had net assets of $\backslash (\backslash$$ $2,000,000\backslash )$ and only common stock outstanding. During $2016,$ Son declared and paid dividends of $\backslash (\backslash$$ $40,000\backslash )$ each quarter on March $15,$ June $15,$ September $15,$ and December $15(\backslash (\backslash$$ $160,000\backslash )$ in total$).$ At April $1,2016,$ the book value of assets and liabilities equals the fair value. Son's $2016$ income was reported as follows: Required Determine the following items for Pop: $1.$ Goodwill from the investment in Son $2.$ Income from Son for $20163.$ Investment in Son account balance at December $31,20164.$ Pop's equity in Son's net assets at December $31,20165.$ The amount of discontinued operations gain that Pop will show on its $2016$ income statement