5 Pie Corporation paid $319,500 to acquire 90 percent ownership of Slice Company on April 1, 20x2. At that date, the fair value of the noncontrolling interest was $35,500. On January 1, 20x2, Slice reported these stockholders' equity balances: 20 points Common Stock Additional Paid-In Capital Retained Earnings Total Stockholders' Equity $160,000 40,000 150,000 $350,000 eBook Slice's operating results and dividend payments for 20x2 were as follows: Ask Print References Sales Total expenses Net income Dividends paid January 1 to March 31 $ 90,000 (80,000) $ 10,000 $ 5,000 April 1 to December 31 $ 250,000 (220,000) $ 30,000 $ 15,000 Pie uses the equity method in recording its investment in Slice. Required: a. Prepare the journal entries that Pie recorded in 20X2 for its investment in Slice. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list