5-35 (Static) Comprehensive Problem: Differential Apportionment LO 5-2 Pillow Corporation acquired 80 percent ownership of Sheet Company on January 1, 20X7, for $173,000. At that date, the fair value of the noncontrolling interest was $43,250. The trial balances for the two companies on December 31, 20X7, included the following amounts: Item Pillow Corporation Sheet Company Debit Credit Debit Credit Cash $ 38,000 $ 25,000 Accounts Receivable 50,000 55,000 Inventory 240,000 100,000 Land 80,000 20,000 Buildings and Equipment 500,000 150,000 Investment in Sheet Company 202,000 Cost of Goods Sold 500,000 250,000 Depreciation Expense 25,000 15,000 Other Expenses 75,000 75,000 Dividends Declared 50,000 20,000 Acc