On January 1, 2012, Palk Corp. and Spraz Corp. had condensed balance sheets as follows:

Palk Corp Spraz Corp.

Current Assets $99,000 $28,000

Noncurrent Assets $125,000 $56,000

Total Assets $224,000 $84,000

Current Liabilities $42,000 $14,000

Long-term Debt $70,000 $0

Stockholders' Equity $112,000 $70,000

Total Liabilities and stockholders' equity $224,000 $84,000

On January 2, 2012, Palk borrowed the entire $84,000 it needed to acquire 80% of the outstanding common shares of Spraz. The loan was to be paid in ten equal annual principal payments, plus interest, beginning December 31,2012. The excess consideration transferred over the underlying book value of the acquired net assets was allocated 60% to inventory and 40% to goodwill. What is consolidated current assets at January 2, 2012?