The Following Accounts Are as They Appear on the Separate

The following accounts are as they appear on the separate company financial statements of a parent and its 100%-owned subsidiary (created in 2001) at 12/31/07:
$\begin{array}{cc}&\text { Parent } & \text { Subsidiary } \\\text {Equity in net loss (of subsidiary) }&\$(60,000) & \\\text {Investment in subsidiary }&490,000 & \\\text { Common stock.}&200,000 & \$ 15,000 \\\text {Additional paid-in capital }&300,000 & 285,000 \\\text {Retained earnings }&610,000 & 190,000 \\\text {Dividends declared}&(230,000) & (20,000)\end{array}$ Required:
a. What consolidation entries are required at 12/31/07?
b. What is the consolidated retained earnings amount?
c. What amount will be reported for dividends in the consolidated statement of retained earnings for 2007?