Saved Help Save& Exit Submi Check my work Corporation acquired 75 percent of Slice Company's ownership on January 1, 20xs, for $99,000. At that date, the fair $96,000. The book values and fair values of Slice's assets and liabilities were equal, except for Slice's buildings and equipment, which were worth $19,200 more than book value. Accumulated depr eciation 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 Pie concluded at December 31. 20X8, that goodwill from its purchase of Slice shares had been impaired and the correct carrying amount was $3,500. Goodwill and goodwill impairment were assigned proportionately to the controlling and noncontrolling shareholder Trial balance date for Pie and Slice on December 31, 20X8, are as follows: Item Cash Accounts Receivable Inventory Pie Corporation Debit 53,5e0 72,000 92,000 Slice Company Debit 25,00 16,000 29,000 Credit Credit K Prev 4 of4 Noxt Check 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 72,000 92,e00 33,000 356,000 110,085 118,e00 39,000 23,e00 10,000 11,5ee 34,ee0 16,000 29,000 19,000 162,000 103,000 20,e00 10,0e0 4,000 5,ee0 16,800 $129,6e8 31,ee0 11,00e0 204,000 192,000 94,000 40,000 10,000 6,000 69,000 54,000 42,000 es Check my work b. Prepare a three-part consolidation worksheet for 20XB. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similerly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet) PIE CORPORATION AND SUBSIDIARY Worksheet for Consolidated Financial Statements December 31, 20X8 Consolidation Entries CR Consolidater Pie Corp Slice Co DR