Par Corporation acquired an 80 percent interest in Sin Corporation on January 1, 2011, for $108,000 cash, when Sin’s capital stock was $100,000 and retained earnings were $10,000. The difference between investment fair value and book value acquired is due to a patent being amortized over a 10- year period. Separate financial statements for Par and Sin on December 31, 2014, are summarized as follows (in thousands):

ADDITIONAL INFORMATION
1. Sin’s sales include intercompany sales of $8,000, and Par’s December 31, 2014, inventory includes $1,000 profit on goods acquired from Sin. Par’s December 31, 2013, inventory contained $2,000 profit on goods acquired from Sin.
2. Par owes Sin $4,000 on account.
3. On January 1, 2013, Sin sold plant assets to Par for $60,000. These assets had a book value of $40,000 on that date and are being depreciated by Par over five years.
4. Park uses the equity method to account for its investment in Sin.
REQUIRED: Prepare a consolidation workpaper for Par Corporation and Subsidiary for2014.