Exercise 4-3 At the beginning of 2009, Presidio Company purchased 95% of the common stock of Succo Company for $491,435. On that date, Succo Company's stockholders' equity consisted of the following: Common stock $304,200 Other contributed capital 91,300 Retained earnings 121,800 Total $517,300 During 2017, Succo Company reported net income of $40,200 and distributed dividends in the amount of $19,400. Succo Company's retained earnings balance at the end of 2016 amounted to $174,800. Presidio Company uses the equity method. Prepare in general journal form the workpaper entries necessary in the compilation of consolidated financial statements on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit (To eliminate investment in subsidiary and create noncontrolling interest) (To record equity income (loss) and dividend income)