25 Pie Corporation acquired 80 percent of Slice Company's common stock on December 31, 20X5, at underlying book value. The book values and fair values of Slice's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Slice. Slice provided the following trial balance data at December 31, 20X5: points Debit Credit Cash $ 28,000 Skipped Accounts Receivable 65,800 Inventory 91,000 Buildings and Equipment (net) 213,000 Cost of Goods Sold 106,300 Depreciation Expense 24,050 Other Operating Expenses 31,260 eBook Dividends Declared 15,600 $ 33,440 115,000 93,600 135,000 198,770 $575,810 $575,810 Prin 0 References Accounts Payable Notes Payable Common Stock Retained Earnings Sales Total Required: a. How much did Pie pay to purchase its shares of Slice? (Round your answer to nearest whole dollar amount.) Purchase price b. If consolidated financial statements are prepared at December 31, 20X5, what amount will be assigned to the noncontrolling interest in the consolidated balance sheet? (Round your answer to nearest whole dollar amount.) Noncontrolling interest b. If consolidated financial statements are prepared at December 31, 20X5, what amount will be assigned to the noncontrolling interest in the consolidated balance sheet? (Round your answer to nearest whole dollar amount.) Noncontrolling interest c. If Ple reported income of $141,500 from its separate operations for 20X5, what amount of consolidated net income will be reported for 20X5? Consolidated net income d. If Pie had purchased its ownership of Slice on January 1, 20X5, at underlying book value and Pie reported income of $141,500 from its separate operations for 20X5, what amount of consolidated net income would be reported for 20X5? Consolidated net income < Prev 1 of 2 Next >