Ping Corporation acquired 100 percent of Pink's Company's common stock on January 1, 2015. Balance sheet data for the two companies immediately following the acquisition follow:

.....................................................Hamlen.................. Pink's

Cash.............................................$ 30,000 ..............$25,000

Accounts Receivable........................... 80,000 ................40,000

Inventory........................................ 150,000............... 55,000

Land.............................................. 65,000 ................40,000

Buildings and Equipment...................... 260,000............. 160,000

Less: Accumulated Depreciation............ (120,000)............. (50,000)

Investment in Pong Company Stock.......... 150,000

Total Assets...................................... $615,000 ........$270,000

Accounts Payable...............................$ 45,000.......... $ 33,000

Taxes Payable.................................... 20,000............... 8,000

Bonds Payable ................................... 200,000........... 100,000

Common Stock..................................... 50,000 ............20,000

Retained Earnings................................ 300,000........... 109,000

Total Liabilities and Stockholder's Equity.....$615,000 .........$270,000

At the date of the combination, the book values of Pink's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, and land, which had a fair value of $50,000. The fair value of land for Ping  Corporation was estimated at $80,000 immediately prior to the acquisition.

Based on the preceding information, what will be reported in the consolidated balance sheet at December 31, 2015 for total liabilities?

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