On January 1, 2014, Punch Corporation purchased 100% of the common stock of Soopy Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below:

Punch Soopy

Cash $34,000 $206,000

A/R 144,000 26,000

Inventory 132,000 38,000

Land 68,000 32,000

Plant assets 460,000 240,000

Investment in Soopy 392,000

Accounts payable $206,000 $142,000

Capital stock 800,000 300,000

Retained earnings 224,000 100,000

Total liabilities & equities $ 1,230,000 $ 542,000

At the date of the acquisition, the book values of Soopy net assets were equal to the fair value except for Soopy's inventory, which had a fair value of $60,000.

What amount of Inventory will be reported in consolidated balance Sheet

Select one:

a. 170,000

b. 186,500

c. 169,000

d. 192,000