Pencil Company acquired 80 percent of Stylus Corporation's stock on January 2, 20X3, for $81,600 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 Fair Value $212,000 $212,000 415,000 415,000 $627,000 $100,000 100,000 287,000 240,000 $627,000 Stylus Corporation Book Value Fair Value $ 58,000 $ 58,000 124,000 124,000 $182,000 $ 80,000 80,000 58,000 44,000 $182,000 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