On January 1, 2012, Parker Company purchased 95% of the outstanding common stock of Sid Company for $160,000. At that time, Sid's stockholders' equity consisted of common stock, $120,000; other contributed capital, $10,000; and retained earnings, $23,000. On December 31, 2012, the two companies' trial balances were as follows:

Required:
A. Prepare a consolidated statements work paper on December 31, 2012.
B. Prepare a consolidated statements work paper on December 31, 2013, assuming trial balances for Parker and Sid on that date were:

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Parker Accounts Receivable Investment in Sid Company Plant and Equipment Dividends Declared Cost of Goods Sold Total Debits able Other Liabilities Other Contributed Capital Retained Earnings, 1/1 Sales Dividend Income Total Credits Accounts Receivable 2 Investment in Sid Company Plant and Equipment Dividends Declared Cost of Goods Sold 1 Total Debits able Other Liabilities Other Contributed Capital Retained Earnings, 1/1 Dividend Income Total Credits