1. On ABC's January 22, year 1 consolidated Statement of Financial Position, compute for the Current Assets?

2. On ABC's January 22, year 1 consolidated Statement of Financial Position, compute for the Non-Current Assets?

ABC Company and XYZ Company reported the following condensed Statements of Financial Position on January 1, year 1. ABC Company XYZ Company Current Assets 70,000 20,000 Noncurrent Assets 90,000 40,000 Total Assets 160,000 60,000 Current Liabilities 30,000 10,000 Long-term debt 50,000 Stockholders' Equity 80,000 50,000 Total Liabilities and stockholders' equity 160,000 60,000 On January 2, year 1, ABC borrowed P60,000 and used the proceeds to purchase 90% of the outstanding common shares of XYZ. This debt is payable in ten equal annual principal payments, plus interest, beginning December 30, year 1. The excess cost of the investment over XYZ's book value of acquired net assets should be allocated 50% to inventory and 40% to goodwill. On January 1, Year 1, the fair value of ABC shares held by ngocontrolling parties was 10,000. On ABC's January 22, year 1 consolidated Statement of Financial Position, compute for the following required amounts