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Pie Corporation acquired 75 percent of Slice Companys 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 Slices net assets at acquisition was $100,000. The book values and fair values of Slices assets and liabilities were equal, except for Slices 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 Pie 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. Trial balance data for Pie and Slice on December 31, 20X8, are as follows:

	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 & 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
Accounts Payable							45,000									16,000
Wages Payable							17,000									9,000
Notes Payable							150,000									50,000
Common Stock							200,000									60,000
Retained Earnings							102,000									40,000
Sales							260,000									180,000
Income from Slice Company							12,375
		$	931,375			$	931,375				$	395,000			$	395,000

B 2 2,000 Depreciation expense Goodwill impairment loss Income from Slice Company NCI in NI of Slice Company B 2 2,000 Depreciation expense Goodwill impairment loss Income from Slice Company NCI in NI of Slice Company

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