Pie Corporation acquired 75 percent of Slice Companys 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 Slices net assets at acquisition was $94,000. The book values and fair values of Slices assets and liabilities were equal, except for Slices buildings and equipment, which were worth $18,800 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 $2,600. 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 $ 29,000 Accounts Receivable 71,000 20,000 Inventory 91,000 33,000 Land 44,000 23,000 Buildings & Equipment 358,000 162,000 Investment in Slice Company 103,590 Cost of Goods Sold 123,000 108,000 Wage Expense 41,000 25,000 Depreciation Expense 22,000 8,000 Interest Expense 9,000 2,000 Other Expenses 10,500 3,000 Dividends Declared 32,000 16,400 Accumulated Depreciation $ 139,000 $ 32,000 Accounts Payable 44,000 10,000 Wages Payable 11,000 6,000 Notes Payable 182,700 100,400 Common Stock 196,000 66,000 Retained Earnings 98,000 28,000 Sales 268,000 187,000 Income from Slice Company 16,890 $ 955,590 $ 955,590 $ 429,400 $ 429,400 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.)

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.)