Pie Corporation acquired 80 percent of Slice Company’s common stock on December 31, 20×5, at underlying book value.The book values and fair values of Slice’s assets and liabilities were equal, and the fair value of the non controlling interest was equal to 20 percent ofthe total book value of Slice. Slice provided the following trial balance data at December 31, 20×5: Debit Credit Cash $ 28,200Accounts Receivable 65,inventory 89,400Buildings and Equipment (net) 205,000Cost of Goods Sold 106,000Depreciation Expense 23,850other Operating Expenses 30,540Dividends Declared 14,800Accounts Payable $ 32,840Notes Payable 119,000Common Stock 88,800Retained Earnings 131,500Sales 191,000Total $563,140 $563,140 Required:a. How much did Pie pay to purchase its shares of Slice? (Round your answer to nearest whole dollar amount.)Get business and finance assignment homework help today
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