A LTI Launch X Question 2 - Ch.4 Consolidations X G Note: This problem is for the 202( x [) "Kapa te fejuaren me kusheri X Chat Thread * + X @ https://ezto.mheducation.com/ext/map/index.html?_con=conexternal_browser=0launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaCI.. . . . Ch.4 Consolidations IV Homework i Saved Help Save Exit Submit G Check my work 2 W y! On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: 11.12 Items Park Strand points Current assets $ 115, 000 $ 22, 150 Noncurrent assets 93,000 44, 100 f Skipped Total assets $ 208,000 $ 66, 250 Current liabilities $ 41, 250 $ 16, 250 in Long-term debt 63, 750 eBook Stockholders' equity 103, 000 50, 000 Total liabilities and equities $ 208, 000 $ 66, 250 Print References On January 2, Park borrowed $59,600 and used the proceeds to obtain 80 percent of the outstanding common shares of Strand. The acquisition price was considered proportionate to Strand's total fair value. The $59,600 debt is payable in 10 equal annual principal payments, plus interest, beginning December 31. The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60 percent) and to goodwill (40 percent). W Required: On a consolidated balance sheet as of January 2, calculate the amounts for each of the following: GW a. Current assets b. Noncurrent assets c. Current liabilities d. Noncurrent liabilities e. Stockholders' equity + Mc Graw Hill 503 68.F Sunny Q Search 6:40 PM L ENG ( 9 10/23/2025