Help Save & Exit On January 1, 20x6, Pumpkin Corporation acquired 70 percent of Spice Company's common stock for $210,000 cash. The fair value of the noncontrolling interest at that date was determined to be $90,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Pumpkin Cash Accounts Receivable Inventory Land Buildings and Equipment Less: Accumulated Depreciation Investment in Spice Co. Total Assets s 5e,000$15,089 70,00025,e00 30,008 150,800 258,000 200,886 (70,000) 219,600 20,000 80,000 (20,e00) 5690,000 $320,000 Accounts Payable Bonds Payable Common Stock Retained Earnings 40,000 10,e00 150,000 300,000 200,900 180,000 40,000 90,000 Total Liabilities and Equity $698,000 $326,000 At the date of the business combination, the book values of Spice's assets and liabilities a for inventory, which had a fair value of $30,000, and land, which had a fair value of $95,000 pproximated fair value except lance sheet prepared immediately Based on the preceding information, what amount of total Inventory will be reported in the consolidated ba Based on the preceding information, what amount of total inventory will be reported in the consolidated balance sheet prepared immediately after the business combination? Multiple Choice $20,000 $30,000 $50,000 $60,000 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 $440,000 Help Save & Exit Subm 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 will be reported as total stockholders' equity in the consolidated balance sheet prepared immediately after the business combination? Multiple Choice $360,000 $590,000 $770,000