Byte Computer Corporation purchased 100 percent of the stock of Nofail Software Company on January 2, 20X3, by issuing bonds with 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:

\section*{Required}
Prepare a consolidated balance sheet immediately following the acquisition.

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Byte Computer Corporation Nofail Software Company Book Value Cash $200,000 Other Assets 400.000 Fair Value Book Value Fair Value $200,000 650.000 $ 50.000 120.000 $ 50,000 180,000 Total Debits $600.000 $170.000 Current Liabilities $100,000 100.000 $ 80.000 80.000 Common Stock 300.000 50.000 Retained Earnings 200,000 40,000 Total Credits $600,000 $170,000