Pie Corporation acquired 75 percent of Slice Companys ownership on January 1, 20X8, for $93,000. At that date, the fair value of the noncontrolling interest was $31,000. 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 $3,000. 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								$	23,000
Accounts Receivable			81,000									14,000
Inventory			101,000									27,000
Land			38,000									17,000
Buildings & Equipment			365,000									163,000
Investment in Slice Company			96,720
Cost of Goods Sold			124,000									109,000
Wage Expense			33,000									22,000
Depreciation Expense			21,000									9,000
Interest Expense			8,000									3,000
Other Expenses			9,500									4,000
Dividends Declared			37,000									17,600
Accumulated Depreciation						$	127,000								$	36,000
Accounts Payable							39,000									9,000
Wages Payable							10,000									5,000
Notes Payable							211,800									84,600
Common Stock							194,000									60,000
Retained Earnings							96,000									32,000
Sales							270,000									182,000
Income from Slice Company							16,920
		$	964,720			$	964,720				$	408,600			$	408,600

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.) 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. (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.)