Parsons company acquired 90% of the outstanding stock of shea company on june 30, 2011, for $426,000. shea retained earnings in the amount of $60,000, fair value of assets and liabilities was equal to book value. sales $2,555,500, $1,120,000 prepare a consolidated financial statements workpaper for year ended dec. 31, 2013. prepare a schedule to calculate consolidated retained earnings on dec. 31, 2013. use an analytical or t-account.