Hi. I need help finding the current liabilities and non current assets. The answer for non current liabilities is B and the answer for non current assets is B . However, I don't understand how to arrive at those answers. Could you please provide detailed calculations and explanations (in Word or Excel format) so I can understand how to get the correct answers? I would greatly appreciate it.

On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Strand Current assets Noncurrent assets $ 70,000 90,000 $160,000 $20,000 40,000 $60,000 Total assets. Current liabilities. Long-term debt. Stockholders' equity. Total liabilities and equities . $ 30,000 50,000 80,000 $160,000 $10,000 -O- 50,000 $60,000 On January 2, Park borrowed $60,000 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 $60,000 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). On a consolidated balance sheet as of January 2, what should be the amount for each of the following? . Current liabilities: a. $50,000 b. $46,000 C. $40,000 d. $30,000 . Noncurrent liabilities: a. $110,000 b. $104,000 C. $90,000 d. $50,000