I got this question wrong. What is the correct way to do this? Thank you

Pencil Company acquired 80 percent of Stylus Corporation's stock on January 2, 20X3, for $96,000 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 $205,000 $205,000 412,000 412,000 $617,000 $ 85,000 85,000 283,000 249,000 $617,000 Stylus Corporation Book Value Fair Value $ 53,000 $ 53,000 132,000 132,000 $185,000 $ 65,000 65,000 53,000 67,000 $185,000 Required: Prepare a consolidated balance sheet immediately following the acquisition PENCIL COMPANY AND SUBSIDIARY Consolidated Balance Sheet January 2, 20X3 Assets Cash Other assets $ 258,000 544,000 $ 802,000 Total Assets Liabilities and Stockholders' Equity Common stock Current liabilities Retained earnings $ 336,000 150,000 316,000 Total Liabilities and Stockholders' Equity $ 802,000