10 points Skipped eBook Pizza Corporation purchased 100 percent of the common stock of Slice Corporation on January 1, 20x2, by issuing 45.000 shares of its $6 par value common stock. The market price of Pizza's shares at the date of issue was $24. Slice reported net assets with a book value of $980,000 on that date. The amount paid in excess of the book value of Slice's net assets was attributed to the increased value of patents held by Slice with a remaining useful life of eight years. Slice reported net income of $56,000, paid dividends of $20,000 in 20x2, reported a net loss of $44,000, and paid dividends of $10,000 in 20x3 Required: Assuming that Pizza Corporation uses the equity method in accounting for its investment in Slice Corporation, prepare all journal entries for Pizza for 20X2 and 20x3. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Print View transaction list Journal entry worksheet References < 1 2 3 4 5 6 7 Record the purchase of Slice Corporation. Note: Enter debits before credits Event (1) General Journali Debit Credit Pray 2 of 10 Next >