Each one of _____ pencil.
Each one of _____ pencil.
Explanation
"Each one of has a pencil," as "each" is a singular subject that requires the singular verb "has."
This indicates that every individual in a group possesses one pencil.
"Each one of has a pencil," as "each" is a singular subject that requires the singular verb "has."
This indicates that every individual in a group possesses one pencil.