On January $1,2016,$ Pent Company and Shelter Company had condensed balance sheets as follows:

On January $2,2016$ Pent borrowed $$180,000$ and used the proceeds to purchase $90\%$ of the outstanding

common stock of Shelter. This debt is payable in $10$ equal annual principal payments, plus interest, startin

December $30,2016.$ Any difference between book value and the value implied by the purchase price rela

land,

On Pent's January $2,2016$ consolidated balance sheet, current liabilities should be:

Select one:

a$.$ $$138,000.$

b$.$ $$120,000.$