please fill out the worksheet and show work for finding correct numbers that go into reclassification journal entry. right now only the buildings and equipment debit is correct.

P5-34 Consolidation Worksheet at End of Second Year of Ownership LO 5-2 Pie Corporation acquired 75 percent of Slice Company's ownership on January 1, 20X8, for $96,000. At that date, the fair 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 acquisition date Buildings and equipment are depreciated on a 10-year basis Although goodwill is not amortized, the management of Ple concluded at December 31, 20x8, 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. Investment in Slice Co. Stock $96,375. No additional impairment Occurred in 20x9 Slice Company Debit Credit $ 32,000 14,000 24.eee 25,000 150,000 Trial balance data for Pie and Slice on December 31, 20X9, are as follows: Pie Corporation Debit Credit Cash $ 68,500 Accounts Receivable 85,000 Inventory 97,eee Land 50, eee Buildings & Equipment 350, eee Investment in slice Company 106,875 Cost of Goods Sold 145,000 Wage Expense 35,000 Depreciation Expense 25,000 Interest Expense 12,000 Other Expenses 23,000 Dividends Declared 30,000 Accumulated Depreciation $ 170.00 Accounts Payable 51,00 Wages Payable 14,000 Notes Payable 150,000 Common Stock 200,000 Retained Earnings 126,875 Sales 290,cee Income from Slice Company 25,500 $1,027,375 $1,027.375 114.000 20,000 10,000 4.000 16,000 20,000 $ 50,000 15,600 6,000 50,000 60.000 48.000 200.000 $429,000 $429,000 Required: Record will consolidation entries needed to prepare a three part consolidation worksheets of December 31, 20x9 required for a transaction/event, select "No journal entry required in the first me e ld no entry is PIE CORPORATION AND SUBSIDIARY Worksheet for Consolidated Financial Statements December 31, 20X9 Consolidation Entries Pie Corp. Slice Co. CR Consolidated OS 0S 0S 0S Income Statement Sales Less: COGS Less: Wage expense Less: Depreciation expense Less: Interest expense Less: Other expenses Income from Slice Company Consolidated net income NCI in net income Controlling Interest in Net Income Statement of Retained Earnings Beginning balance Net income Less: Dividends declared Ending Balance Balance Sheet Cash Accounts receivable Inventory Land 050 50505 0 5 0 0 $ 0 $ 0 $ 0 $ Buildings and equipment Less: Accumulated depreciation Investment in Slice Company Good Total Assets Accounts payable Wages payable Notes payable Common stock Retained earnings NCI I NA of Slice Company Total Liabilities and Equity $ 05 Record the excess value (differential) reclassification entry. Note: Enter debits before credits. Credit Entry 3 Debit 20,000 20,000 Accounts Buildings and equipment Goodwill Accumulated depreciation Investment in Slice Company NCI in NA of Slice Company 2,000 15,375 5,125 Record entry Clear entry view consolidation entries