points eBook Print References Check my workCheck My Work button is now enabled Item $8$ On January $1,$ Park Corporation and Strand Corporation had condensed balance sheets as follows: ItemsParkStrandCurrent assets$ $115,000$$ $22,150$Noncurrent assets$93,00044,100$Total assets$ $208,000$$ $66,250$Current liabilities$ $41,250$$ $16,250$Long$-$term debt$63,7500$Stockholders' equity$103,00050,000$Total liabilities and equities$ $208,000$$ $66,250$ 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 $$59,600$ debt is payable in $10$ equal annual principal payments, plus interest, beginning December $31.$ The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory $(60$ percent$)$ and to goodwill $(40$ percent$).$ Required: On a consolidated balance sheet as of January $2,$ calculate the amounts for each of the following: a$.$ Current assets:$$151,850$ b$.$ Noncurrent assets: $$146,900$ c$.$ Current liabilities d$.$ Noncurrent liabilities e$.$ Stockholders$$ equity