Pie Corporation acquired 75 percent of Slice Company's 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 Slice's net assets at acquisition was $88,000. The book values and fair values of Slice's assets and liabilities were equal, except for Slice's buildings and equipment, which were worth $17,600 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 Debit Slice Company Debit Credit Item Cash Accounts Receivable Credit $ 51,500 $ 27,000 84,000 18,000 Inventory 104,000 31,000 Land 42,000 21,000 Buildings & Equipment 359,000 167,000 Investment in Slice Company 100,530 Cost of Goods Sold 119,000 104,000 Wage Expense Depreciation Expense Interest Expense Other Expenses 38,000 21,000 21,000 9,000 8,000 3,000 9,500 4,000 Dividends Declared 31,000 15,800 Accumulated Depreciation $137,000 $ 36,000 Accounts Payable 36,000 11,000 Wages Payable 12,000 7,000 Notes Payable 218,150 94,800 Common Stock 190,000 60,000 Retained Earnings 92,000 28,000 Sales 263,000 184,000 Income from Slice Company 19,380 $967,530 $967,530 $420,800 $420,800