On January 1, 2014, Parent Co. acquired 80% of Sub Inc. by paying $800,000. Noncontrolling interest was valued at $200,000. Sub reported common stock on that date of $520,000 with retained earnings of $352,000. A building was undervalued in the company's financial records by $18,000. This building had a ten-year remaining life. Copyrights of $80,000 were not recognized and should be amortized over 20 years. Sub earned income and paid cash dividends as follows: Net Income Dividends Paid

2014 115,000 64,600

2015 144,400 71,600

2016 164,000 94,000

On December 31, 2016, the Parent owed $20,800 to Sub Inc. There have been no changes in Sub's common stock account since the acquisition. Instructions: Prepare the Consolidation Worksheet Entries at December 31, 2016: Consolidation Worksheet Entry S (note: Calculate Retained Earnings from 1/1/14 to

12/31/15 to derive Retained Earnings-S (1/1/16)):

Consolidation Worksheet Entry A:

Consolidation Worksheet Entry I:

Consolidation Worksheet Entry D:

Consolidation Worksheet Entry E:

Consolidation Worksheet Entry P: