Byte Computer Corporation acquired 100 percent of Nofail Software Company's common stock 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 E3-9.

Required 

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

Data from in E3-9.

Byte Computer Corporation acquired 100 percent of Nofail Software Company's stock on January 2, 20X3, by issuing bonds with a par value of $140,000 and a fair value of $150,000 in exchange for the shares. Summarized balance sheet data presented for the companies just before the acquisition are as follows: 

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Cash Buildings and Equipment Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Retained Earnings $ 3,000,000 240,600,000 10,100,000 5,000,000 20,300,000 103,000,000 105,200,000