*Problem 4-8 On January 1, 2012, Parker Company purchased 95% of the outstanding common stock of Sid Company for $160,400. At that time, Sid's stockholders' equity consisted of common stock, $121,600; other contributed capital, $9,800; and retained earnings, $23,500. On December 31, 2012, the two companies' trial balances were as follows: Cash Accounts Receivable Inventory Investment in Sid Company Plant and Equipment Land Dividends Declared Cost of Goods Sold Other Expenses Total Debits Parker $61,600 31,700 30,300 160,400 104,400 28,800 20,400 127,400 19,900 $584,900 Sid $30,200 29,100 16,100 -0- 83,200 33,500 20,300 39,600 13,900 $265,900 Accounts Payable Other Liabilities Common Stock Other Contributed Capital Retained Earnings, 1/1 Sales Dividend Income $18,600 9,800 179,100 60,200 39,700 258,215 19,285 $584,900 $11,700 20,300 121,600 9,800 23,500 79,000 -0- $265,900 Total Credits Parker Company and Subsidiary Consolidated Statements Workpaper For the Year Ended December 31, 2012 Sid Eliminating Entries Company Dr Parker Company Noncontrolling Interest Consolidated Balance Cr Income Statement Retained Earnings Statement Balance Sheet Total Balance Sheet Total Noncontrolling Interest 1/1 Noncontrolling Interest 12/31 sl $ Attemptsio