Pencil Company acquired 80 percent of Stylus Corporations stock on January 2, 20X3, for $72,000 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow:

Peace Computer Corporation acquired 90 percent of Symbol Software Companys common stock on January 2, 20X3, by issuing preferred stock with a par value of $6 per share and a market value of $8.10 per share. A total of 10,000 shares of preferred stock was issued. Balance sheet data for the two companies immediately before the business combination are as follows:

	Peace Computer Corporation									Symbol Software Company
	Book Value				Fair Value					Book Value				Fair Value
Cash		$	200,000			$	200,000				$	50,000			$	50,000
Other Assets			400,000				400,000					120,000				120,000
Total Debits		$	600,000								$	170,000
Current Liabilities		$	100,000				100,000				$	80,000				80,000
Common Stock			300,000									50,000
Retained Earnings			200,000									40,000
Total Credits		$	600,000								$	170,000

Required: Prepare a consolidated balance sheet for the companies immediately after Peace obtains ownership of Symbol by issuing the preferred stock.

Required: Prepare a consolidated balance sheet immediately following the acquisition.