Journal entry worksheet C Record Pizza Corporation's 80% share of Slice Products Company's 205 income. Note: Enter debits before credits. . Prepare all consolidation entries needed to prepare consolidated statements for 205. (If no entry is required for a ransaction/event, select "No journal entry required" in the first account field.) Consolidation Worksheet Entries D Record basic consolidation entry. Note: Enter debits before credits. Pizza Corporation acquired 80 percent ownership of Slice Products Company on January 1, 20X1, for $156,000. On that date, the fair value of the noncontrolling interest was $39,000, and Slice reported retained earnings of $50,000 and had $96,000 of common stock outstanding. Pizza has used the equity method in accounting for its investment in Slice. Trial balance data for the two companies on December 31,205, are as follows: Additional Information 1. On the date of combination, the fair value of Slice's depreciable assets was $49,000 more than book value. The accumulated depreciation on these assets was $10,000 on the acquisition date. The differential assigned to depreciable assets should be written off over the following 10 -year period. 2. There was $11,000 of intercorporate receivables and payables at the end of 205. Required: a. Prepare all journal entries that Pizza recorded during 20X5 related to its investment in Slice. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)