Exercise 3-9 (Algo) Subsidiary Acquired by Issuing Preferred Stock LO 3.5 Peace Computer Corporation acquired 80 percent of Symbol 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 $8.20 per share. A total of 12,000 shares of preferred stock was issued. Balance sheet data for the two companies immediately before the business combination are as follows: Required: Prepare a consolidated balance sheet for the companies immediately after Peace obtains ownership of Symbol by issuing the preferred stock. Exercise 3-9 (Algo) Subsidiary Acquired by Issuing Preferred Stock LO 3.5 Peace Computer Corporation acquired 80 percent of Symbol 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 $8.20 per share. A total of 12,000 shares of preferred stock was issued. Balance sheet data for the two companies immediately before the business combination are as follows: Required: Prepare a consolidated balance sheet for the companies immediately after Peace obtains ownership of Symbol by issuing the preferred stock