[] The December 31, 2014, trial balances for Python Corporation and its subsidiary Shark are listed below.

	Python Corporation		Shark Company
	Debit	Credit	Debit	Credit
Cash	$30,000		$8000
Receivables (net)	13,000		12,000
Inventory, 1/1	12,000		10,000
Investment in S	150,000
Plant and equipment (net)	250,000		195,000
Land	100,000		80,000
Accounts payable		$30,000		$10,000
Other liabilities		85,000		100,000
Common stock ($10 par)		250,000		100,000
Retained earnings, 1/1		168,000		84,000
Dividends declared	15,000		20,000
Sales		131,000		91,000
Dividend income		16,000
Purchases	60,000		30,000
Other expenses	50,000		30,000
	$680,000	$680,000	$385,000	$385,000
Inventory, 12/31	$15,000		$12,000

A. Prepare the journal entries found on Pythons books for 2014, assuming the cost method.

To record Ps share of Ss dividends

B. Prepare the workpaper entries for 2014.

To establish reciprocity (convert to equity)
To eliminate Ps share of Ss equity
To allocate the difference between implied and book value
To eliminate Ps share of Ss dividends