Pie Corporation acquired 75 percent of Slice Companys ownership on January 1, 20X8, for $96,000. At that date, the fair value of the noncontrolling interest was $32,000. The book value of Slices net assets at acquisition was $94,000. The book values and fair values of Slices assets and liabilities were equal, except for Slices buildings and equipment, which were worth $18,800 more than book value. Accumulated depreciation on the buildings and equipment was $27,000 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 $2,700. Goodwill and goodwill impairment were assigned proportionately to the controlling and noncontrolling shareholders. Trial balance data for Pie and Slice on December 31, 20X8, are as follows: Pie Corporation Slice Company Item Debit Credit Debit Credit Cash $ 50,500 $ 25,000 Accounts Receivable 76,000 16,000 Inventory 96,000 29,000 Land 30,000 19,000 Buildings & Equipment 357,000 166,000 Investment in Slice Company 95,865 Cost of Goods Sold 121,000 106,000 Wage Expense 41,000 26,000 Depreciation Expense 22,000 9,000 Interest Expense 9,000 3,000 Other Expenses 10,500 4,000 Dividends Declared 36,000 17,800 Accumulated Depreciation $ 130,000 $ 36,000 Accounts Payable 35,000 10,000 Wages Payable 11,000 6,000 Notes Payable 201,650 94,800 Common Stock 193,000 60,000 Retained Earnings 95,000 34,000 Sales 266,000 180,000 Income from Slice Company 13,215 $ 944,865 $ 944,865 $ 420,800 $ 420,800 Required: a. Record all consolidation entries needed to prepare a three-part consolidation worksheet as of December 31, 20X8 Record the basic consolidation entry. Record the amortized excess value reclassification entry. Record the excess value (differential) reclassification entry. Record the optional accumulated depreciation consolidation entry. b. Prepare a three-part consolidation worksheet for 20X8