Problem $4-15($Algo$)($LO $4-2)$

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

$\backslash$table$[[$Items$,$Park,Strand$],[$Current assets,$ $110,750,$$ $26,750],[$Noncurrent assets,$94,250,46,500],[$Total assets,$ $205,000,$$ $73,250],[$Current liabilities,$ $48,000,$$ $23,250],[$Long$-$term debt,$70,000,0],[$Stockholders$\text{'}$ equity,$87,000,50,000],[$Total liabilities and equities,$ $205,000,$$ $73,250]]$

On January $2,$ Park borrowed $$63,600$ and used the proceeds to obtain $80$ percent of the outstanding common shares of Strand. The acquisition price was considered proportionate to Strand's total fair value. The $$63,600$ 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:

$\backslash$table$[[$a$.$ Current assets,$$,137,500],[$b$.$ Noncurrent assets,$$,142,750],[$c$.$ Current liabilities,$$,71,250],[$d$.$ Noncurrent liabilities,$$,183,600],[$e$.$ Stockholders' equity,,$]]$