Below is the equity section of the consolidated worksheet between a parent and its subsidiary Subsidiary Parent Accounts Payable 1,083 890 Long-term Debt 2,013 1,262 Common Stock 3,356 1,759 Retained Earnings 5,467 4,677 Here is the separate income and dividends paid during the year Separate Net Income Dividends Declared Parent 9,434 2,201 Subsidiary 2,520 850 After the consolidation entry is prepared the consolidated net income will be $