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:

	Pencil Company		Stylus Corporation
	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 immediately following the acquisition.