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:

		Parker		Sid
Cash		$65,000		$35,000
Accounts Receivable		40,000		30,000
Inventory		25,000		15,000
Investment in Sid Company		184,500		0
Plant and Equipment		110,000		85,000
Land		48,500		45,000
Dividends Declared		20,000		15,000
Cost of Goods Sold		150,000		60,000
Operating Expenses		35,000		15,000
Total Debits		$678,000		$300,000
Accounts Payable		$20,000		$15,000
Other Liabilities		15,000		25,000
Common Stock		200,000		120,000
Other Contributed Capital		70,000		20,000
Retained Earnings, 1/1		55,000		25,000
Sales		300,000		95,000
Equity in Subsidiary Income		18,000		0
Total Credits		$678,000		$300,000

Prepare a consolidated statements workpaper on December 31, 2012. (Round answers to 0 decimal places, e.g. 5,125. List items that increase retained earnings first.)