Pencil Company acquired 80 percent of Stylus Corporation's stock on January 2, 20X3, for $109,600 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow: Pencil Company Book Value Cash Other Assets Total Debits $219,000 402,000 $621,000 Fair Value $219,000 402,000 Book Value Stylus Corporation Fair Value $ 70,000 139,000 $209,000 $ 70,000 139,000 Current Liabilities $ 92,000 92,000 $ 72,000 72,000 Common Stock 290,000 70,000 Retained Earnings 239,000 67,000 Total Credits $621,000 $209,000 Required: Prepare a consolidated balance sheet immediately following the acquisition. Assets PENCIL COMPANY AND SUBSIDIARY Consolidated Balance Sheet January 2, 20X3 Total Assets Liabilities and Stockholders' Equity Total Liabilities and Stockholders' Equity