Pencil Company acquired 80 percent of Stylus Corporation's stock on January 2, 20X3, for $97,600 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow: Cash Other Assets Total Debits Current Liabilities. Common Stock Retained Earnings Total Credits Pencil Company Book Value $203,000 409,000 $612,000 $ 83,000 296,000 233,000 $612,000 Fair Value $203,000 409,000 83,000 Stylus Corporation Book Value $ 50,000 135,000 $185,000 $ 63,000 50,000 72,000 $185,000 Required: Prepare a consolidated balance sheet immediately following the acquisition. Fair Value $ 50,000 135,000 63,000 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