Pie Corporation acquired 80 percent of Slice Company’s common stock on December 31, 20×5, at underlying book value.

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 noncontrolling 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 $ 28,200
Accounts Receivable 65,350
Inventory 89,400
Buildings and Equipment (net) 205,000
Cost of Goods Sold 106,000
Depreciation Expense 23,850
other Operating Expenses 30,540
Dividends Declared 14,800
Accounts Payable $ 32,840
Notes Payable 119,000
Common Stock 88,800
Retained Earnings 131,500
Sales 191,000
Total $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.)

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