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Pie Corporation acquired 75 percent of Slice Company's ownership on January, 2018, for 5%6,000. At that date, the fair value of the noncontrolling interest was $32,000. The book value of Slice's net assets at acquisition was 5100,000. The book values and fair values of Slices assets and liabilities were equal 7230 except for Slice' buildings and equipment, which were worth $20,000 more than book value. Accumulated depreciation on the buildings and equipment was $30,000 on the acquisition date. Buildings and equipment are deprecated on a 10-year basis. Advanced StudyGuide com Although goodwill is not amortired, the management of Pie concluded at December 31, 20x8, that good from its purchase of Slice shares had beeke impaired and the correct carrying amount was $2.500. Goodwill and goodwill impaiment were assigned proportionately to the controlling and noncontrolling shareholders. Trial balance data for Pie and Slice on December 31, 20X8, are as follows: Slice Company Item Debit Credit $ 21.000 12.000 25,000 15.000 150,000 Cash Accounts Receivable Inventory Land Buildings & Equipment Investment in Slice Company Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable Wages Payable Notes Payable Common Stock Retained Earnings Sales Income from Slice Company Pie Corporation Debit Credit $ 47,500 70,000 90,000 30,000 350,000 96,375 125,000 42.000 25,000 12.000 13.500 30,000 $145.000 45.000 17.000 150.000 200,000 102.000 260.000 12.375 $931.375 $931.375 110.000 27.000 10,000 4.000 5.000 16.000 $ 40,000 16,000 9,000 50,000 60.000 40.000 180,000 $395.000 $395.000 Required 1. Cive all consolidation entries needed to prepare a three-part consolidation worksheets of December 3, 2X 7. Prepare a three-part consolidation worksheet for 20x3 in good form

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