On January 1, 2018, Boston paid $10,000 cash and borrowed 120,000 to obtain 80 percent of the outstanding common shares of Westford. The 120,000 debt is payable in 10 equal annual principal payments, plus interest (annual interest rate 10%), beginning December 31. On the date of acquisition, Westfords book value was 120,000 The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60%), a building (20%), and to goodwill (20%). Inventories are sold on FIFO basis. Buildings are depreciated in 10 years, straight-line. Westford announces no net income or dividends during 2018 and 2019.

On December 31, 2019, Boston Corporation and Westford Corporation had condensed balance sheets as follows:

	Boston	Westford
Current Assets	140,000	90,000
Noncurrent Assets	160,000	110,000
Total Assets	300,000	200,000
Current Liabilities	100,000	80,000
Long-term Debt	120,000	0
Stockholders equity	80,000	120,000
Total Liability and Stockholders equity	300,000	200,000

On a consolidated balance sheet, what should be the amount for each of the following? (Hint: When you consider each type of firm resources, such as current assets, think about how the above information affects your consideration. For example, are inventories current assets? Similar considerations shall be applied to answering all questions).

1. Consolidated Current assets on December 31, 2019
2. Consolidated Noncurrent assets on December 31, 2019
3. Consolidated Current Liabilities on December 31, 2019
4. Consolidated Noncurrent liabilities on December 31, 2019
5. Consolidated Stockholders equity on December 31, 2019
6. Consolidated Investment in Westford on December 31, 2019