Pie Corporation acquired 75 percent of Slice Companys 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 Slices net assets at acquisition was $90,000. The book values and fair values of Slices assets and liabilities were equal, except for Slices buildings and equipment, which were worth $18,000 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									Slice Company
Item	Debit				Credit					Debit				Credit
Cash		$	49,500								$	30,000
Accounts Receivable			80,000									21,000
Inventory			100,000									34,000
Land			38,000									24,000
Buildings & Equipment			359,000									157,000
Investment in Slice Company			99,450
Cost of Goods Sold			123,000									108,000
Wage Expense			39,000									23,000
Depreciation Expense			23,000									9,000
Interest Expense			10,000									3,000
Other Expenses			11,500									4,000
Dividends Declared			39,000									17,600
Accumulated Depreciation						$	139,000								$	36,000
Accounts Payable							40,000									16,000
Wages Payable							17,000									12,000
Notes Payable							217,800									88,600
Common Stock							184,000									54,000
Retained Earnings							86,000									36,000
Sales							268,000									188,000
Income from Slice Company							19,650
		$	971,450			$	971,450				$	430,600			$	430,600

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.)