At the date of the business combination, the book values of Spice$$s assets and liabilities approximated fair value except for inventory, which had a fair value of $$30,000,$ and land, which had a fair value of $$95,000.$

Based on the preceding information, what amount of total liabilities will be reported in the consolidated balance sheet prepared immediately after the business combination?

Multiple Choice

$$190,000$

$$230,000$

$$240,000$

Correct

$$440,000$