2 12.5 points Check my work Pencil Company acquired 80 percent of Stylus Corporation's stock on January 2, 20X3, for $102,400 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow: Pencil Company Stylus Corporation Book Value Fair Value Cash Other Assets Skipped Total Debits Current Liabilities Common Stock Retained Earnings eBook Total Credits Ask Print Book Value Fair Value $ 214,000 419,000 $ 633,000 $ 82,000 286,000 265,000 $ 633,000 $ 214,000 419,000 $ 60,000 130,000 $ 190,000 82,000 $ 62,000 60,000 68,000 $ 190,000 $ 60,000 130,000 62,000 Required: Prepare a consolidated balance sheet immediately following the acquisition. Assets References PENCIL COMPANY AND SUBSIDIARY Consolidated Balance Sheet January 2, 20X3 Total Assets Liabilities and Stockholders' Equity $ 0 Total Liabilities and Stockholders' Equity $ 0