Pizza Corporation acquired 80 percent ownership of Slice Products Company on January 1, 20X1, for $151,000. On that date, the fair value of the noncontrolling interest was $37,750, and Slice reported retained earnings of $41,000 and had $100,000 of common stock outstanding. Pizza has used the equity method in accounting for its investment in Slice. Trial balance data for the two companies on December 31, 20X5, are as follows: Item Cash & Receivables Inventory Land Buildings & Equipment Investment in Slice Products Company Cost of Goods Sold Depreciation Expense Inventory Losses Dividends Declared Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Sales Income from Slice Products Company $ Pizza Corporation Debit 83,000 275,000 87,000 517,000 189,980 111,000 24,000 14,000 34,000 Credit slice Products Company Debit $ 73,000 Credit 105,000 87,000 157,000 41,000 14,000 6,000 24,400 $ 186,000 43,000 285,400 284,000 298,000 204,000 34,580 $1,334,980 $1,334,980 $507,400 $507,400 $ 98,000 13,000 97,400 100,000 90,000 109,000 Additional Information 1. On the date of combination, the fair value of Slice's depreciable assets was $47,750 more than book value. The accumulated depreciation on these assets was $10,000 on the acquisition date. The differential assigned to depreciable assets should be writter off over the following 10-year period. 2. There was $11,000 of intercorporate receivables and payables at the end of 20X5. Required: a. Prepare all journal entries that Pizza recorded during 20X5 related to its investment in Slice. (If no entry is required for a