Ch 30 Saved Pencil Company acquired 70 percent of Stylus Corporation's stock on January 2, 20X3, for $72,100 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow: Cash Other Assets Total Debits Current Liabilities Common Stock Retained Earnings Total Credits Required: $ 617,000 Pencil Company Book Value $ 211,000 406,000 Fair Value $ 211,000 406,000 $ 99,000 297,000 221,000 99,000 $ 617,000 Stylus Corporation Book Value Fair Value $ 51,000 131,000 $ 182,000 $51,000. 131,000 $ 79,000 79,000 51,000 52,000 $ 182,000 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 Tatal lahilities and Ctankhaldare' Cavity Prev 1 of 3 Next > MacBook Air Help Save & Exit Subrot Check my work