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Pie Corporation acquired 7 5 percent of Slice Company's ownership on January 1 , 2 0 8 , for $ 9 6 , 0 0

Pie Corporation acquired 75 percent of Slice Company's ownership on January 1,208, for $96,000. At that date, the fair value of the
noncontrolling interest was $32,000. 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 209.
Trial balance data for Pie and Slice on December 31,20X9, are as follows:
Required:
a. Record all consolidation entries needed to prepare a three-part consolidation worksheet as of December 31,209.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
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