*Problem 4-12 On January 1, 2012, Parker Company purchased 90% of the outstanding common stock of Sid Company for $182,200. At that time, Sid's stockholders' equity consisted of common stock, $118,600; other contributed capital, $19,800; and retained earnings, $25,300. Assume that any difference between book value of equity and the value implied by the purchase price is attributable to land. 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 Operating Expenses Total Debits Parker Sid $65,200 $35,000 40,000 30,400 25,300 15,000 188,050 -0- 110,200 85,500 49,400 44,800 20,400 14,800 149,200 59,100 35,100 14,700 $682,850 $299,300 Accounts Payable Other Liabilities Common Stock Other Contributed Capital Retained Earnings, 1/1 Sales Equity in Subsidiary Income Total Credits $20,400 $15,200 15,000 25,300 202,400 118,600 69,000 19,800 55,700 25,300 301,180 95,100 19,170 -0- $682,850 $299,300 *(a) Prepare a consolidated statements workpaper on December 31, 2012. (Round answers to 0 decimal places, e.g. 5,125. List items that increase retained earnings first.)