I NEED HELP WITH THE RETAINED EARNINGS DEBIT AND CREDIT AMOUNTS PLEASE.

Pot Inc. acquired all Seed Inc.'s outstanding $28 par common stock on December 31, 20X3, in exchange for 42,000 shares of its $28 par common stock. Pot's common stock closed at $57.50 per share on a national stock exchange on December 31, 20X3. Both corporations continued to operate as separate businesses maintaining separate accounting records with years ending December 31. On December 31, 20X4, after year-end adjustments and the closing of nominal accounts, the companies had condensed balance sheet accounts.

	Pot Inc.				Seed Inc.
Assets
Cash		$	845,000			$	340,000
Accounts & Other Receivables			2,151,000				840,000
Inventories			2,323,000				1,057,000
Land			658,000				318,000
Depreciable Assets (net)			4,585,000				1,992,000
Investment in Seed Inc.			2,790,000
Long-Term Investments & Other Assets			875,000				403,000
Total Assets		$	14,227,000			$	4,950,000
Liabilities and Stockholders' Equity
Accounts Payable and Other Current Liabilities		$	2,456,000			$	1,142,000
Long-Term Debt			1,891,000				1,288,000
Common Stock, $28 Par Value			3,360,000				1,176,000
Additional Paid-In Capital			1,239,000				181,000
Retained Earnings			5,281,000				1,163,000
Total Liabilities and Stockholders' Equity		$	14,227,000			$	4,950,000

Additional Information

1. Pot uses the equity-method of accounting for its investment in Seed.
2. On December 31, 20X3, Seed's assets and liabilities had fair values equal to the book balances with the exception of land, which had a fair value of $588,000. Seed had no land transactions in 20X4.
3. On June 15, 20X4, Seed paid a cash dividend of $5 per share on its common stock.
4. On December 10, 20X4, Pot paid a cash dividend totaling $257,000 on its common stock.
5. On December 31, 20X3, immediately before the combination, the stockholders' equity balance was:

	Pot Inc.				Seed Inc.
Common Stock		$	2,184,000			$	1,176,000
Additional Paid-In Capital			1,645,000				181,000
Retained Earnings			4,062,000				788,000
		$	7,891,000			$	2,145,000

1. The 20X4 net income amounts according to the separate books of Pot and Seed were $891,000 (exclusive of equity in Seed's earnings) and $585,000, respectively.

Required: Prepare a consolidated balance sheet worksheet for Pot and its subsidiary, Seed, for December 31, 20X4. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.)

Answer is complete but not entirely correct.

POT INC. AND SUBSIDIARY
Consolidated Balance Sheet Worksheet
December 31, 20X4
			Consolidation Entries
	Pot Inc.	Seed Inc.	DR	CR	Consolidated
Assets
Cash	$845,000selected answer correct	$340,000selected answer correct	not attempted	not attempted	$1,185,000
Accounts & other receivables	2,151,000selected answer correct	840,000selected answer correct	not attempted	not attempted	2,991,000
Inventory	2,323,000selected answer correct	1,057,000selected answer correct	not attempted	not attempted	3,380,000
Land	658,000selected answer correct	318,000selected answer correct	270,000selected answer correct	not attempted	1,246,000
Depreciable assets (net)	4,585,000selected answer correct	1,992,000selected answer correct	not attempted	not attempted	6,577,000
Investment in Seed Inc.	2,790,000selected answer correct	not attempted	not attempted	2,790,000selected answer correct	0
Long-term investments & other assets	875,000selected answer correct	403,000selected answer correct	not attempted	not attempted	1,278,000
Total Assets	$14,227,000	$4,950,000	$270,000	$2,790,000	$16,657,000
Liabilities & Stockholders' Equity
Accounts payable & other current liabilities	$2,456,000selected answer correct	$1,142,000selected answer correct	not attempted	not attempted	$3,598,000
Long-term debt	1,891,000selected answer correct	1,288,000selected answer correct	not attempted	not attempted	3,179,000
Common stock	3,360,000selected answer correct	1,176,000selected answer correct	1,176,000selected answer correct	not attempted	3,360,000
Additional Paid-in capital	1,239,000selected answer correct	181,000selected answer correct	181,000selected answer correct	not attempted	1,239,000
Retained earnings	5,281,000selected answer correct	1,163,000selected answer correct	588,000selected answer incorrect	588,000selected answer incorrect	6,444,000
Total Liabilities & Equity	$14,227,000	$4,950,000	$1,945,000	$588,000	$17,820,000