Ple Corporation acquired $75$ percent of Slice Company's ownership on January $1,208,$ for $$96,000.$ At that date, the falr value of the noncontrolling interest was $$32,000.$ The book value of Slice's net assets at acquisition was $$100,000.$ The book values and fair values of Slice's assets and liabilities were equal, except for Slice's buildings and equipment, which were worth $$20,000$ more than book value. Accumulated depreciation on the buildings and equipment was $$30,000$ on the a$$uisition date. Buildings and equipment are depreciated on a $10-$year basis.

Although goodwill is not amortized, the management of Ple concluded at December $31,20$X$8,$ 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.

Trial balance data for Pie and Slice on December $31,208,$ are as follows:

$\backslash$table$[[,$Pie Corporation,Slice Company$],[$Item$,$Debit,Credit,Debit,Credit$],[$Cash$,$$$47,500,,$$$21,000,],[$Accounts Receivable,$70,000,,12,000,],[$Inventory$,90,000,,25,000,],[$Land$,30,000,,15,000,],[$Buildings and Equipment,$350,000,,150,000,],[$Investment in Slice Company,$96,375,,,],[$Cost of Goods Sold,$125,000,,110,000,],[$Wage Expense,$42,000,,27,000,],[$Depreciation Expense,$25,000,,10,000,],[$Interest Expense,$12,000,,4,000,],[$Other Expenses,$13,500,,5,000,],[$Dividends Declared,$30,000,,16,000,],[$Accumulated Depreciation,,$$145,000,,$$$40,000$

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