6 5 points oflook P5-34 Consolidation Worksheet at End of Second Year of Ownership LO 5-2 Ple Corporation acquired 75 percent of Slice Company's ownership on January 1, 20x8, for $105,000. At that date, the fair value of the noncontrolling interest was $35,000. The book value of Slice's net assets at acquisition was $100,000. The book values and fair values of Slice's assets and liabilities were equal, except for Slice's 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 depreciated on a 10-year basis. Although goodwill is not amortized, the management of Pie concluded at December 31, 20X8, that goodwill from its purchase of Slice shares had been impaired and the correct carrying amount was $2,500. Goodwill and goodwill impairment were assigned proportionately to the controlling and noncontrolling shareholders. No additional impairment occurred in 20X9. References Trial balance data for Pie and Slice on December 31, 20X9, are as follows: Iten Pie Corporation Debit Credi Debit alice Company Credit Inventory Land Buildings Cash Accounts Receivable. Equipment 74,500 $ 34,000 91,000 20.000 103,000 30,000 52,000 31,000 360,000 161,000 Investment in Slice Company 117,395 Coat of Goods Sold 144,000 109,000 Mage Expense 31,000 16,000 Depreciation Expense 21,000 6,000 Interest Expense Dividende Declared Other Expenses Accumulated Depreciation 8,000 19,000 3,000 12,000 34,000 24,000 $155,000 $40,000 Accounts Payable 33,000 10,000 Mages Payable 9,000 5,000 Notes Payable 214,000 83,000 Common Stock 100,000 60,000 Retained Earnings 130,875 48,000 Sales 294,000 200,000 Income from Alice Co. 39,000 $1,056,875 $1,054,875 $446,000 $446,000 Required: shannenlirtation worksheet as of December 31, 20X9. (If no entry is