Fineline Pencil Company acquired 80 percent of Smudge Eraser Corporations stock on January 2, 20X3, for $105,600 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	$	219,000		$	219,000			$	57,000		$	57,000
Other Assets		405,000			405,000				135,000			135,000
Total Debits	$	624,000						$	192,000
Current Liabilities	$	80,000			80,000			$	60,000			60,000
Common Stock		294,000							57,000
Retained Earnings		250,000							75,000
Total Credits	$	624,000						$	192,000

Required:

Prepare a consolidated balance sheet immediately following the acquisition.