Fineline Pencil Company acquired 70 percent of Smudge Eraser Corporations stock on January 2, 20X3, for $84,700 cash. Summarized balance sheet data for the companies on December 31, 20X2, are as follows:

	Fineline Pencil Company							Smudge Eraser Corporation
	Book Value			Fair Value				Book Value			Fair Value
Cash	$	208,000		$	208,000			$	70,000		$	70,000
Other Assets		409,000			409,000				129,000			129,000
Total Debits	$	617,000						$	199,000
Current Liabilities	$	98,000			98,000			$	78,000			78,000
Common Stock		289,000							70,000
Retained Earnings		230,000							51,000
Total Credits	$	617,000						$	199,000

Required:

Prepare a consolidated balance sheet immediately following the acquisition.