Pencil Company acquired 70 percent of Stylus Corporation's stock on January 2, 20X3, for $87,500 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow: Cash Other Assets Pencil Company Book Value $214,000 409,000 $623,000 134,000 $189,000 Fair Value Stylus Corporation Book Value Fair Value $214,000 409,000 $ 55,000 $ 55,000 134,000 Total Debits Current Liabilities $ 84,000 84,000 Common Stock 283,000 $ 64,000 55,000 64,000 Retained Earnings 256,000 70,000 Total Credits $623,000 $189,000 Required: Prepare a consolidated balance sheet immediately following the acquisition.