Advanced accounting
I want the solution with steps detail
Required information [The following information applies to the questions displayed below.] On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Strand Current assets $ 70,000 $ 20,900 Noncurrent assets 90, 900 40, 900 Total assets $ 160,000 6 60,900 Current liabilities 30, 000 $ 10,900 Long-term debt 50,000 Stockholders' equity 80, 900 50, 000 Total liabilities and equities $ 160,090 6 60,090 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). On a consolidated balance sheet as of January 2, what should be the amount for stockholders' equity?Required information [The following information applies to the questions displayed below.] On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Strand Current assets 82, 900 $ 22,450 Noncurrent assets 105, 250 42, 800 Total assets $ 187, 250 $ 65,250 Current liabilities $ 33, 900 $ 15, 250 Long-term debt 65, 250 Stockholders' equity 89, 090 50, 000 Total liabilities and equities $ 187, 250 $ 65,250 On January 2, Park borrowed $67,600 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 $67,600 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). On a consolidated balance sheet as of January 2, what should be the amount for current assets