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Ple Corporation acquired 75 percent of Slice Company's ownership on January 1, 20XB, for $99.000. At that date, the fair value of the noncontrolling interest

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Ple Corporation acquired 75 percent of Slice Company's ownership on January 1, 20XB, for $99.000. At that date, the fair value of the noncontrolling interest was $33,000. The book value of Slice's net assets at acquisition was 595,000. The book values and fair values of Slice's assets and liabilities were equal , except for Slice's buildings and equipment, which were worth $19.000 more than book value. Accumulated depreciation on the buildings and equipment was $24.000 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: Slice Company Debit Credit $ 29,00 20,000 33,00 23,000 163, Bee Item Cash Accounts Receivable Inventory Land Buildings & Equipment Investment in Slice Company Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable wages Payable Notes Payable Common Stock Retained Earnings Sales Income from Slice Company Die Corporation Debit Credit $ 52,5ee 73,000 93,eee 47, 368,000 105,975 122,00 40.ee 23, ee 10,000 11,500 4e, see $129,00 -34,000 13, eee 248,150 192,00 94.ee 265, eee 18,825 $985,975 5985,925 1e7, eee 20.ece 8.000 2.ee 3, cee 15.800 $ 32,000 12,000 8,00 94,800 66, 29, 182.ee S423,00 S423 88 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.) view transaction list Consolidation Worksheet Entries

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