The adjusted trial balances of Pop Corporation and its 80 percent-owned subsidiary, Son Corporation, at December 31, 2017, are as follows (in thousands):

Pop acquired its interest in Son for $1,280,000 on January 1, 2016, when Son's stockholders' equity consisted of $1,000,000 capital stock and $200,000 retained earnings. The excess cost was due to a $200,000 undervaluation of plant assets with a 5-year remaining useful life and to previously unrecorded patents with a 10-year amortization period. Pop uses a one-line consolidation in accounting for its investment in Son.
REQUIRED:
Prepare comparative consolidated balance sheets at December 31, 2017, for Pop Corporation and Subsidiary under (a) parent-company theory and (b) entity theory.

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Pop Son $ 40 360 300 1,500 Cash Receivables-net Inventories Plant assets-net Investment in Son Cost of sales Depreciation Other expenses Dividends $ 64 240 2,400 1,504 2,600 450 542 400 1,200 150 350 100 $4,000 200 Accounts pavable Other liabilities Capital stock Retained earnings Sales Income from Son $ 408 2,000 1,600 4,000 192 $8,800 1,000 2,000 $4,000