Pencil Company acquired 70 percent of Stylus Corporation's stock on January 2, 20X3, for $97,300 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow: Cash Other Assets Total Debits Current Liabilities Common Stock Retained Earnings Total Credits Required: Book Value $ 207,000 409,000 Pencil Company Stylus Corporation Fair Value $ 207,000 409,000 Book Value Fair Value $ 68,000 137,000 $ 205,000 86,000 $ 66,000 68,000 71,000 $ 68,000 137,000 66,000 $ 616,000 $ 86,000 300,000 230,000 $ 616,000 $ 205,000 Prepare a consolidated balance sheet immediately following the acquisition. Assets Cash Other assets PENCIL COMPANY AND SUBSIDIARY Consolidated Balance Sheet January 2, 20X3 Total Assets Liabilities and Stockholders' Equity Current liabilities Noncontrolling interest in net assets of Stylus Common stock Retained earnings $ 0 Total Liabilities and Stockholders' Equity $ 0