*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 Sid $61,600 $30,200 31,700 29,100 30,300 16,100 160,400 -0- 104,400 83,200 28,800 33,500 20,400 20,300 127,400 39,600 19,900 13,900 $584,900 $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 *(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.)