Parry Corporation acquired a 100% interest in Sent Company on January 1, 2011, paying $139,100. Financial statement data for the two companies for the year ended December 31, 2011 follow:

Income Statement		Parry		Sent
Sales		$478,800		$153,700
Cost of goods sold		285,700		120,600
Other expense		45,600		29,500
Dividend income		3,400		0
Retained Earnings Statement
Balance, 1/1		75,400		19,300
Net income		150,900		3,600
Dividends declared		17,500		3,400
Balance Sheet
Cash		84,400		29,300
Accounts receivable		76,200		56,300
Inventory		49,900		36,400
Investment in Sent Company		139,100		0
Land		4,000		12,000
Accounts payable		27,300		14,200
Common stock		117,500		100,300
Retained earnings		208,800		19,500

(b) Prepare a workpaper for the preparation of consolidated financial statements on December 31, 2011. Any difference between the book value of equity acquired and the value implied by the purchase price relates to subsidiary land. (List items that increase retained earnings first.)