On January 1, 2020, Palk Corp. and Spraz Corp. had condensed balance sheets as follows:

On January 2, 2020, Palk borrowed the entire $100,000 it needed to acquire 85% of the outstanding common shares of Spraz. The loan was to be paid in ten equal annual principal payments plus interest, beginning December 31, 2020. 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 stockholders' equity at January 2, 2020?

$237,000.

$182,000.

$129,647.

$311,647

$137,000.

Current assets Noncurrent assets Total assets Palk Corp. $ 99,000 $ 125,000 $ 224,000 Spraz Corp. $ 28,000 $ 56,000 $ 84,000 14,000 Current liabilities $ 42,000 Long-term debt $ 70,000 Stockholders' equity $ 112,000 Total liabilities and stockholders' equity $ 224,000 $ $ $ $ 70,000 84,000