On January $1,$ Park Corporation and Strand Corporation had condensed balance sheets as follows:

Items Park Strand

Current assets $ $70,000$ $ $20,000$

Noncurrent assets $90,00040,000$

Total assets $ $160,000$ $ $60,000$

Current liabilities $ $30,000$ $ $10,000$

Long$-$term debt $50,0000$

Stockholders$$ equity $80,00050,000$

Total liabilities and equities $ $160,000$ $ $60,000$

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$).$

Required:

On a consolidated balance sheet as of January $2,$ calculate the amounts for each of the following:

a$.$ Current assets

b$.$ Noncurrent assets

c$.$ Current liabilities

d$.$ Noncurrent liabilities

e$.$ Stockholders$$ equity