Answer Happy

Pie Corporation acquired 75 percent of Slice Company’s common
stock on December 31, 20X5, at underlying book value. The book
values and fair values of Slice’s assets and liabilities were
equal, and the fair value of the noncontrolling interest was equal
to 25 percent of the total book value of Slice. Slice provided the
following trial balance data at December 31, 20X5:
Required:
a. How much did Pie pay to purchase its shares of
Slice? (Round your answer to nearest whole dollar
amount.)
b. If consolidated financial statements are prepared at December
31, 20X5, what amount will be assigned to the noncontrolling
interest in the consolidated balance sheet? (Round
your answer to nearest whole dollar amount.)
c. If Pie reported income of $144,250 from its separate operations
for 20X5, what amount of consolidated net income will be reported
for 20X5?
d. If Pie had purchased its ownership of Slice on January 1, 20X5,
at underlying book value and Pie reported income of $144,250 from
its separate operations for 20X5, what amount of consolidated net
income would be reported for 20X5?