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Pie Corporation acquired 80 percent of Slice Company's common stock on December 31, 20x5, at underlying book value. The book values and fair values of

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Pie Corporation acquired 80 percent of Slice Company's common stock on December 31, 20x5, at underlying book value. The book values and fair values of Slice's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Slice. Slice provided the following trial balance data at December 31, 20x5: 25 points Credit Debit $ 28,500 65,050 88.400 211.000 103.000 24,150 11.340 15,000 Cash Accounts Receivable Inventory Buildings and Equipment (net) Cost of Goods Sold Depreciation Expense Other Operating Expenses Dividends Declared Accounts Payable Notes Payable Common Stock Retained Earnings Sales Total eBook 124,000 90,000 130,000 189,600 $566,440 References $566,440 Required: a. How much did Pie pay to purchase its shares of Slice? (Round Purchase price b. If consolidated financial statements are prepared at December 31, 20X5, what amount will be assigned to the noncontrolling interest in the consolidated balance sheet? (Round your answer to nearest whole dollar amount.) Noncontrolling interest Prev 1 of 2 !! Next > b. If consolidated financial statements are prepared at December 31, 2005, what amount will be assigned to the noncontrolling interest in the consolidated balance sheet? (Round your answer to nearest whole dollar amount.) Noncontrolling interest c. If Pie reported income of $144,000 from its separate operations for 20x5, what amount of consolidated net income will be reported for 20x5? Consolidated net income d. If Pie had purchased its ownership of Slice on January 1, 20X5, at underlying book value and Ple reported income of $144,000 from its separate operations for 20X5, what amount of consolidated net income would be reported for 20X5? Consolidated net income

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