Byte Computer Company purchased 100 percent of the common stock of Nofail Software Company on January 2, 20X3, by issuing preferred stock with a par value of \(\$ 6\) per share and a market value of \(\$ 10\) per share. A total of 15,000 shares of preferred stock was issued. Balance sheet data for the two companies immediately before the business combination are presented in E3-8.

\section*{Required}

Prepare a consolidated balance sheet for the companies immediately after Byte obtains ownership of Nofail by issuing the preferred stock.