Peace Computer Corporation acquired $75$ percent of Symbol Software Company$$s stock on January $2,20$X$3,$ by issuing bonds with a par value of $$50,000$ and a fair value of $$67,500$ in exchange for the shares. Summarized balance sheet data presented for the companies just before the acquisition follow:

Peace Computer Corporation Symbol Software Company

Book Value Fair Value Book Value Fair Value

Cash $ $200,000$ $ $200,000$ $ $50,000$ $ $50,000$

Other Assets $400,000400,000120,000120,000$

Total Debits $ $600,000$ $ $170,000$

Current Liabilities $ $100,000100,000$ $ $80,00080,000$

Common Stock $300,00050,000$

Retained Earnings $200,00040,000$

Total Credits $ $600,000$ $ $170,000$

Required:

Prepare a consolidated balance sheet immediately following the acquisition.