Pie Corporation acquired 75 percent of Slice Company's ownership on January 1, 20X8, for $99,000. At that date, the fair value of the noncontrolling interest was $33,000. The book value of Slice's net assets at acquisition was $95,000. The book values and fair values of Slice's assets and liabilities were equal, except for Slice's buildings and equipment, which were worth $19,000 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 $3,400. 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: Item Cash Accounts Receivable Inventory Land Pie Corporation Debit $ 52,500 80,000 Credit Slice Company Debit Credit $ 29,000 20,000 100,000 33,000 40,000 23,000 Buildings & Equipment 368,000 162,000 Investment in Slice Company 98,625 Cost of Goods Sold 123,000 108,000 Wage Expense 40,000 24,000 Depreciation Expense 24,000 10,000 Interest Expense 11,000 4,000 Other Expenses 12,500 5,000 Dividends Declared 34,000 18,000 Accumulated Depreciation $137,000 $ 40,000 Accounts Payable 30,000 9,000 Wages Payable 10,000 5,000 Notes Payable 224,500 102,000 Common Stock 199,000 66,000 Sales Retained Earnings Income from Slice Company 101,000 29,000 269,000 185,000 13,125 $983,625 $983,625 $436,000 $436,000 Consolidation Worksheet Entries A B D Record the basic consolidation entry. Note: Enter debits before credits. Entry 1 Accounts Debit Credit Record entry Clear entry view consolidation entries Consolidation Worksheet Entries A B C D Record the amortized excess value reclassification entry. Note: Enter debits before credits. Entry 2 Accounts Debit Credit Record entry Clear entry view consolidation entries > Consolidation Worksheet Entries < A B D Record the excess value (differential) reclassification entry. Note: Enter debits before credits. Entry 3 Accounts Debit Credit Record entry Clear entry view consolidation entries Consolidation Worksheet Entries > A B C Record the optional accumulated depreciation consolidation entry. Note: Enter debits before credits. Entry 4 Accounts Debit Credit Record entry Clear entry view consolidation entries