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 $5 per share and a market value of $8.00 per share. A total of 11,000 shares of preferred stock was Issued. Balance sheet data for the two companies Immediately before the business combination are as follows: Cash other Assets Total Debits Current Liabilities Common Stock Retained Earnings Total Credits Symbol Software Company Book Value Peace Computer Corporation Book Value $ 330,000 440,000 $ 330,000 440,000 $ 250,000 Fair Value Fair value $ 100,000 150,000 $ 100,000 150,000 $ 770,000 $220,000 420,000 130,000 $770,000 220,000 $ 140,000 70,000 40,000 $ 250,000 140,000 Required: Prepare a consolidated balance sheet for the companies Immediately after Peace obtains ownership of Symbol by Issuing the preferred stock. Assets PEACE COMPUTER CORPORATION AND SUBSIDIARY Consolidated Balance Sheet January 2, 20X3 Total Assets Liabilities and Stockholders' Equity $ 0 Total Liabilities and Stockholders' Equity 0