Hello! I am having trouble with getting the answer to noncurrent assets. The correct answer is D. 140,000 but I am having trouble understanding why. Can you please provide calculations and explanations on how to arrive at that answer? Also, can you please provide your explanations in Word or Excel (since handwritten responses are hard to read). I would greatly appreciate it.

On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Strand Current assets Noncurrent assets $ 70,000 90,000 $160,000 $20,000 40,000 $60,000 Total assets. Current liabilities. Long-term debt. Stockholders' equity. Total liabilities and equities . $ 30,000 50,000 80,000 $160,000 $10,000 -O- 50,000 $60,000 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 each of the following? LO 4-2 18. Noncurrent assets: a. $130,000 b. $134,000 C. $138,000 d. $140,000