Pencil Company acquired 80 percent of Stylus Corporation's stock on January 2, 20X3, for $85,600 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 $ 201,000 $201,000 $ 52,000 $ 52,000 Other Assets 409,000 409,000 128,000 128,000 Total Debita $610,000 $180,000 Current Liabilities $ 93,000 93,000 $ 73,000 73,000 Common Stock 285,000 52,000 Retained Earnings 232,000 55,000 Total Credits $610,000 $180,000 Required: Prepare a consolidated balance sheet immediately following the acquisition. PENCIL COMPANY AND SUBSIDIARY Consolidated Balance Sheet January 2, 20x3 Assets Cash Other assets $ Total Assets Liabilities and Stockholders' Equity Current liabilities Noncontrolling interest in net assets of Stylus Common stock Retained earnings Total Liabilities and Stockholders' Equity $ 0