On January 1, 2012, Parker Company purchased 95% of the outstanding common stock of Sid Company for $159,800. At that time, Sid's stockholders' equity consisted of common stock, $120,400; other contributed capital, $10,100; and retained earnings, $23,100. On December 31, 2012, the two companies trial balances were as follows: Parker sid Cash $60,900 $30,000 Accounts Receivable 32,200 29,000 Inventory 30,000 16,300 Investment in Sid Company 159,800 -0- Plant and Equipment 104,200 82,500 Land 28,800 34,400 Dividends Declared 20,200 20,400 Cost of Goods Sold 130,400 40,000 Other Expenses 19,900 13,700 Total Debits $586,400 $266,300 Accounts Payable $18,600 $12,000 Other Liabilities 9,900 20,200 Common Stock 176,900 120,400 Other Contributed Capital 58,900 10,100 Retained Earnings, 1/1 40,600 23,100 Sales 262,120 80,500 Dividend Income 19,380 -0- Total Credits $586,400 $266,300