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 $24,000 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 Debit Slice Compan Item Cash Accounts Receivable Inventory Land Buildings &Equipment Investment in S1lice Company Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable Wages Payable Notes Payable redit_ CreditDebit Credit $ 23,000 14,000 27,000 17,000 151,000 $ 51,500 77,000 97,000 37,000 369,000 104,550 122,000 34,000 23,000 10,000 11,500 39,000 107,000 22,000 8,000 2,000 3,000 16,800 $137,000 38,000 15,000 206,400 $ 32,000 14,000 10,000 56,800 Common Stock Retained Earnings Sales 196,000 98,000 267,000 54,000 41,000 183,000 Income from Slice Company $975,55e $975,55e $390,800e $390,800 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.) D. Prepare a three-part consolidation worksheet for 208. (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.) de column of the worksheet)rksheet Silarycombine all cedit emtbies