Pencil Company acquired 70 percent of Stylus Corporation's stock on January 2, 20X3, for $89,600 cash. Summarized balance sheet data for the companies on December 31, 202, follow: Required: Prepare a consolidated balance sheet immediately following the acquisition Pesto Corporation acquired 65 percent of Sauce Corporation's common stock on January 1,20X7, for $279,500 in cash. At the acquisition date, the book values and fair values of Sauce's assets and liabilites were equal, and the fair value of the noncontrolling interest was equal to 35 percent of the total book value of Sauce. The stockholders' equity accounts of the fwo companies at the date of purchase are: Required: a. What amount will be assigned to the noncontroling interest on January 1,207, in the consolidated balance sheet? b. Prepare the stockholders' equity section of Pesto and Sauce's consolidated balance sheet as of January 1, 20X7. Required: What amount will be assigned to the noncontrolling interest on January 1,207, in the consolidated balance sheet? b. Prepare the stockholders' equity section of Pesto and Sauce's consolidated balance sheet as of January 1, 207