Pencil Company acquired 80 percent of Stylus Corporation's stock on January 2, 20X3, for $108,800 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 Fair Value $220,000 $220,000 419,000 419,00 5639,000 $ 87,000 87.000 262,000 270,00 5639,000 Stylus Corporation Book Value Fair Value $ 66,000 $ 66,000 137, 137.000 $203,000 $ 67,000 67,000 66,000 70,000 $200,000 Required: Prepare a consolidated balance sheet immediately following the acquisition Required: Prepare a consolidated balance sheet immediately following the acquisition PENCIL COMPANY AND SUBSIDIARY Consolidated Balance Sheet January 2, 20X3 Assets Total Assets Liabilities and Stockholders' Equity Total Liabilities and Stockholders' Equity