about chapter 6 problem 3P Advanced Accounting (12th) edition by Beams, can i get an explanation (step by step) from beginning until the consolidated working paper complete? thank you

Problem Par Corporation acquired a 00 percent interest in Sag Corporasion's outstanding voting common stock on January 1, 201 for $630,000 cash. The stocknolders equity of Sag on this date consisned or $500,000 capital stock and $200,000 rerained earnings The fnancial statements of Par and Sag at and for the year ended December 31, 2011, are summarized as folows (in thousands) Combined income and Retained Earnings Statoment for the Year Ended December 31 Sales s 700 5 500 Income trom Sag 70 Gain on land Gain on equipment Cost of sales Deprecianion expense (35) Other expenses 200) Net income 110 Beginning retained eamings 600 (100) Retained earrings December 31 s 700 5 260 Balance Sheet at December 31, 2011 s 35 S 30 Accounts receivable-net 100 Other current tems 70 T0 400 Investment in Sag $1,700 5 880 Accounts payable s 160 5 50 Other labaties 70 Capital stock, $10 par Retained earnings 1,700 5 880 During 2011, Par made sales of $50,000 to Sag at a gross prot of $15,000. One-thid of these sales were inventoried by Sag at year-end Sag owed Par $10,000 on cpen account at December 31, 2011. Sag soid land that cost $20,000 to Par for $30,000 on July 1, 2011. Par s owns the land. On January 1, 2011, Par sod equipment with a book value of $20,000 and a remairing useful ire or tour years to Sag for $40,000 Sag uses straigm-ine deprecianion and assumes no sahage value on this equipment REQUIRED: Prepare a consoldaion workpaper for Par and Subsicary for the year ended December 31, 2011 31. 2011