Pie Corporation acquired 75 percent of Slice Companys ownership on January 1, 20X8, for $96,000. At that date, the fair value of the noncontrolling interest was $32,000. The book value of Slices net assets at acquisition was $100,000. The book values and fair values of Slices assets and liabilities were equal, except for Slices buildings and equipment, which were worth $20,000 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 $2,500. Goodwill and goodwill impairment were assigned proportionately to the controlling and noncontrolling shareholders. No additional impairment occurred in 20X9. Trial balance data for Pie and Slice on December 31, 20X9, are as follows: Pie Corporation Slice Company Item Debit Credit Debit Credit Cash $ 72,500 $ 35,000 Accounts Receivable 91,000 21,000 Inventory 103,000 31,000 Land 67,000 32,000 Buildings & Equipment 369,000 156,000 Investment in Slice Company 115,875 Cost of Goods Sold 139,000 111,000 Wage Expense 33,000 18,000 Depreciation Expense 23,000 8,000 Interest Expense 10,000 2,000 Other Expenses 21,000 14,000 Dividends Declared 32,000 22,000 Accumulated Depreciation $ 155,000 $ 32,000 Accounts Payable 41,000 12,000 Wages Payable 11,000 4,000 Notes Payable 217,500 91,000 Common Stock 187,000 60,000 Retained Earnings 132,875 48,000 Sales 296,000 203,000 Income from Slice Co. 36,000 $ 1,076,375 $ 1,076,375 $ 450,000 $ 450,000 Required: a. Record all consolidation entries needed to prepare a three-part consolidation worksheet as of December 31, 20X9.

b. Prepare a three-part consolidation worksheet for 20X9.

c. Prepare a consolidated balance sheet, income statement, and retained earnings statement for 20X9.