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 $92,000. The book values and fair values of Slices assets and liabilities were equal, except for Slices buildings and equipment, which were worth $18,400 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 $3,100. 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		$	55,500								$	26,000
Accounts Receivable			72,000									17,000
Inventory			92,000									30,000
Land			36,000									20,000
Buildings & Equipment			356,000									168,000
Investment in Slice Company			109,095
Cost of Goods Sold			116,000									101,000
Wage Expense			36,000									22,000
Depreciation Expense			24,000									9,000
Interest Expense			11,000									3,000
Other Expenses			12,500									4,000
Dividends Declared			31,000									16,200
Accumulated Depreciation						$	137,000								$	36,000
Accounts Payable							40,000									8,000
Wages Payable							9,000									4,000
Notes Payable							180,850									87,200
Common Stock							198,000									60,000
Retained Earnings							100,000									32,000
Sales							261,000									189,000
Income from Slice Company							25,245
		$	951,095			$	951,095				$	416,200			$	416,200

Required: a. Record all consolidation entries needed to prepare a three-part consolidation worksheet as of December 31, 20X8. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b. Prepare a three-part consolidation worksheet for 20X8. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.)