Hello,

I tried figuring out D but it says it is wrong. What am I doing wrong?

Thanks,

Pie Corporation acquired 60 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 40 percent of the total book value of Slice. Slice provided the following trial balance data at December 31, 20X5: Debit Credit Cash $ 28, 300 Accounts Receivable 64, 150 Inventory 90, 200 Buildings and Equipment (net) 212, 000 Cost of Goods Sold 106, 000 Depreciation Expense 24, 100 Other Operating Expenses 30,980 Dividends Declared 15 , 400 Accounts Payable $ 33, 200 Notes Payable 117,000 Common Stock 92, 400 Retained Earnings 129,000 Sales 199,530 Total $571, 130 $571, 130 Required: a. How much did Pie pay to purchase its shares of Slice? (Round your answer to nearest whole dollar amount.) Purchase price $ 146,670 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 $ 97,780 c. If Pie reported income of $143,500 from its separate operations for 20X5, what amount of consolidated net income will be reported for 20X5? Consolidated net income $ 143,500d. If Pie had purchased its ownership of Slice on January 1, 20X5, at underlying book value and Pie reported income of $143,500 from its separate operations for 20X5, what amount of consolidated net income would be reported for 20X5? Consolidated net income $ 166,570