7 Pencil Company acquired 80 percent of Stylus Corporation's stock on January 2, 20X3, for $91,200 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow: Book Cash Other Assets Total Debits Current Liabilities Common Stock Retained Earnings Total Credits Pencil Company Book Value Fair Value $201.000 $281,080 413,000 413,000 $614,000 $ 95,000 95,080 280,000 239,000 $614,000 Stylus Corporation Book Value Fair Value $ 61,888 $ 61,000 128,000 128,000 $189,000 $ 75,000 75, eee 61,000 53,000 $189,000 Required: Prepare a consolidated balance sheet immediately following the acquisition PENCIL COMPANY AND SUBSIDIARY Consolidated Balance Sheet January 2, 20X3 Assets Total Assets Liabilities and Stockholders' Equity