1.On January 1, Family Corporation and Son Corporation had condensed balance sheets as follows:

Family

Son

Current assets.

Br. 70,000

Br. 20,000

Noncurrent assets

90,000

40,000

Total assets

Br. 160,000

Br. 60,000

Current liabilities

Br. 30,000

Br.10,000

Long-term debt

50,000

Stockholders' equity

80,000

50,000

Total liabilities and equities.

Br. 160,000

Br.60,000

On January 2, Family borrowed Br. 60,000 and used the proceeds to obtain 80% of the outstanding common shares of Son. The acquisition price was considered proportionate to Son's total fair value. The Br. 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%) and to goodwill (40%). On a consolidated balance sheet as of January 2, what should be the amount for each of the following?

a.Current assets = ?

b.Noncurrent assets = ?

c.Current liabilities = ?

d.Noncurrent liabilities =?

e.Stockholders' equity = ?