Pizza Corporation acquired 80 percent ownership of Slice Products Company on January 1, 20x1, for $143.000. On that date, the fair value of the noncontrolling interest was $35,750 and Slice reported retained earnings of $40,000 and had $93.000 of common stock outstanding. Pizza has used the equity method in accounting for its investment in Sice. Trial balance data for the two companies on December 31, 20X5, are as follows: PER 51 Corporation Products Company Ite Debit Credit Derbit Credit Cash & Receivables $ 3,000 $ 84,000 Inventory 274,000 32,000 Land 85.00 86,000 Buildings & Equipment 515,00 151,00 Investment in Stice Products Company 178,30 Cost of Goods Sold 114, 40.000 Depreciation Expense 21.00 11,000 Inventory Losses 11,000 Dividends Declared 47.000 25.000 Accumulated Depreciation $191,00 5 77.000 Accounts Payable 51,000 18.000 Notes Payable 25.960 128.00 Como Stock 289.00 93,000 Retained Earnings 303, 83.000 Sales 209.00 106, Income fros Slice Products Company 36-40 $2,329,300 $1,329,300 $495,000 $495.000 5. Additional Information 1. On the date of combination, the fair value of Slice's depreciable assets was $45.750 more than book value. The accumulated depreciation on these assets was $10,000 on the acquisition date. The differential assigned to depreciable assets should be written off over the following 10-year period 2 There was $10.000 of intercorporate receivables and puyables at the end of 20x5 Required: a. Prepare all journal entries that Pizza recorded during 20x5 related to its investment in Slice (no entry is required for a transaction/event, select "No Journal entry required in the first account fleld.) View transaction fist Journal entry worksheet Record basic consolidation entry Note: Enter de bure de Event Accounts Debit Credit 1 Record entry Clear entry view consolidation entries