On January 1, 2019, 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			$	-
Stockholders' equity	$	112,000			$	70,000
Total liabilities and stockholders' equity	$	224,000			$	84,000

On January 2, 2019, Palk borrowed the entire $84,000 it needed to acquire 80% of the outstanding common shares of Spraz. Shares of Spraz are not actively traded on the market. The loan was to be paid in ten equal annual principal payments, plus interest, beginning December 31, 2019. The excess consideration transferred over the underlying book value of the acquired net assets was allocated 60% to inventory and 40% to goodwill.

What are the total consolidated current liabilities at January 2, 2019?

Multiple Choice

• $53,200.

• $56,000.

• $64,400.

• $42,000.

• $70,000.