Pizza Slice Corporation Products Company Item Debit Credit Debit Credit Cash & Receivables 85,000 $ 73,000 Inventory 274.000 99,000 Land 83.000 83,000 Buildings & Equipment 511 000 168,000 Investment in Slice Products Company 186.320 Cost of Goods Sold 116.000 48,000 Depreciation Expense 20.000 10,000 Inventory Losses 10.000 6.000 Dividends Declared 47.000 19,600 Accumulated Depreciation 5 195,000 $ 70,000 Accounts Payable 50,000 13,000 Notes Payable 235,640 131,600 Common Stock 299,000 98,000 Retained Earnings 313,000 88,000 Sales 210,000 106,000 Income from Slice Products Company 29,680 $1,332 320 $1 332,320 $506,600 $ 506,600 Additional Information 1. On the date of combination, the fair value of Slice's depreciable assets was $49,000 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 payables at the end of 20X5. Required: a. Prepare all journal entries that Pizza recorded during 20X5 related to its investment in Slice. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.} View transaction list Journal entry worksheet