Pie Corporation acquired 75 percent of Slice Company's ownership on January 1, 20X8, for $90,000. At that date, the fair value of the noncontrolling interest was $30,000. 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 $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 $3,400. 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:

A. Record the basic consolidation entry

B. Record the amortized excess value reclassification entry

C. Record the excess value reclassification entry

D. Record the optional accumulated depreciation consolidation entry

Item Cash Accounts Receivable Inventory Land Buildings and Equipment Investment in Slice Company Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable Wages Payable Notes Payable Common Stock Retained Earnings Sales Income from Slice Company Pie Corporation Slice Company Debit Credit Debit Credit $ 51,500 $ 23,000 82,000 14,000 102,000 27,000 46,000 17,000 367,000 168,000 94,530 124,000 109, 000 36,000 24,000 22,000 8,000 9,000 2,000 10,500 3,000 38,000 15,200 $ 134,000 $ 32,000 37,000 6,000 7,000 2,000 232,600 102,200 192,000 60,000 94,000 28,000 270,000 180,000 15,930 $ 982,530 $ 982,530 $ 410,200 $ 410,200