On January 1, 2012, Parker Company purchased 90% of the outstanding common stock of Sid Company for $180,000. At that time, Sids stockholders equity consisted of common stock, $120,000; other contributed capital, $20,000; and retained earnings, $25,000. Assume that any difference between book value of equity and the value implied by the purchase price is attributable to land. On December 31, 2012, the two companies trial balances were as follows: (Equity method)

a. Prepare the worksheet entries required to prepare consolidated statements as of December 31,2017

b. Prepare the worksheet entries required to prepare consolidated statements as of December 31,2018, assuming trial balance for Carson and Dorsys on that date were: