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Peace Computer Corporation acquired 75 percent of Symbol Software Company's stock on January 2,20X3, by issuing bonds with a par value of $68,000 and a

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Peace Computer Corporation acquired 75 percent of Symbol Software Company's stock on January 2,20X3, by issuing bonds with a par value of $68,000 and a fair value of $85,500 in exchange for the shares. Summarized balance sheet data presented for the companies just before the acquisition follow: Required: Prepare a consolidated balance sheet immediately following the acquisition. Peace Computer Corporation acquired 75 percent of Symbol Software Company's stock on January 2,20X3, by issuing bonds with a par value of $68,000 and a fair value of $85,500 in exchange for the shares. Summarized balance sheet data presented for the companies just before the acquisition follow: Required: Prepare a consolidated balance sheet immediately following the acquisition

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