Peace Computer Corporation acquired 90 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 $7.50 per share. A total of 12.000 shares of preferred stock was issued. Balance sheet data for the two companies immediately before the business combination are as follows: Required: Prepare a consolidated balance sheet for the companies immediately after Peace obtains ownership of Symbol by issuing the preferred stock. Peace Computer Corporation acquired 90 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 $7.50 per share. A total of 12.000 shares of preferred stock was issued. Balance sheet data for the two companies immediately before the business combination are as follows: Required: Prepare a consolidated balance sheet for the companies immediately after Peace obtains ownership of Symbol by issuing the preferred stock