Pencil Company acquired 70 percent of Stylus Corporations stock on January 2, 20X3, for $70,700 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow:

	Pencil Company		Stylus Corporation
	Book Value	Fair Value	Book Value	Fair Value
Cash	$ 212,000	$ 212,000	$ 51,000	$ 51,000
Other Assets	402,000	402,000	121,000	121,000
Total Debits	$ 614,000		$ 172,000
Current Liabilities	$ 91,000	91,000	$ 71,000	71,000
Common Stock	292,000		51,000
Retained Earnings	231,000		50,000
Total Credits	$ 614,000		$ 172,000

Required:

Prepare a consolidated balance sheet immediately following the acquisition.