Prepare a consolidation working paper as necessary to consolidate the trial balances of Parent and Subsidiary at December 31, 2024.

Parent Corporation acquires the voting stock of Subsidiary Co. on January 1, 2019 at an acquisition cost of $15,300. Subsidiary's trial balance at the date of acquisition is as follows, along with fair value information for its identifiable net assets: Goodwill connected with this acquisition is $6,000. As of January 1, 2019, the revaluations have the following estimated lives (all straight-line): Parent uses the complete equity method to account for its investment in Subsidiary on its own books. The December 31, 2024 trial balances for Parent and Subsidiary (six years after acquisition) are as follow \begin{tabular}{|l|c|c|c|c|} \hline & \multicolumn{2}{|c|}{ Parent } & \multicolumn{2}{c|}{ Subsidiary } \\ \hline & Debit & Credit & Debit & Credit \\ \hline Sales revenue & & 25,000 & & 10,000 \\ \hline Equity in net income of Subsidiary & & 1,450 & & \\ \hline Cost of goods sold & 15,000 & & 6,000 & \\ \hline Operating expenses & 7,000 & & 2,100 & \\ \hline Total & 304,600 & 304,600 & 28,850 & 28,850 \\ \hline \hline \end{tabular} Parent Corporation acquires the voting stock of Subsidiary Co. on January 1, 2019 at an acquisition cost of $15,300. Subsidiary's trial balance at the date of acquisition is as follows, along with fair value information for its identifiable net assets: Goodwill connected with this acquisition is $6,000. As of January 1, 2019, the revaluations have the following estimated lives (all straight-line): Parent uses the complete equity method to account for its investment in Subsidiary on its own books. The December 31, 2024 trial balances for Parent and Subsidiary (six years after acquisition) are as follow \begin{tabular}{|l|c|c|c|c|} \hline & \multicolumn{2}{|c|}{ Parent } & \multicolumn{2}{c|}{ Subsidiary } \\ \hline & Debit & Credit & Debit & Credit \\ \hline Sales revenue & & 25,000 & & 10,000 \\ \hline Equity in net income of Subsidiary & & 1,450 & & \\ \hline Cost of goods sold & 15,000 & & 6,000 & \\ \hline Operating expenses & 7,000 & & 2,100 & \\ \hline Total & 304,600 & 304,600 & 28,850 & 28,850 \\ \hline \hline \end{tabular}