On January 1, 2020, Piata Limited (Piata) acquired 7,000 (70%) of the outstanding ordinary shares of Salud Company (Salud) for $350,000 cash. On that date, Salud's shareholders' equity included $100,000 of ordinary shares and $140,000 in retained earnings. Also on that date, the carrying amount of each of Salud's identifiable assets and liabilities was equal to its fair value except for the following: Carrying amount Fair value Inventory $55,000 $65,000 Land 100,000 130,000 Equipment 60,000 30,000 Long-term liabilities 110,000 120,000 Goodwill 50,000 ? The equipment had an estimated useful life of 5 years on January 1, 2020. The inventory was sold during 2020. The long-term liabilities were to mature on December 31, 2024. Any fair value difference is to be amortized under the straight-line method. Additional Information: The goodwill impairment losses that occurred in 2020 and 2022 were $12,000 and $14,000, respectively. During 2021, Piata sold goods costing $40,000 to Salud for $80,000; of these, 60% were sold by Salud to external customers in 2021. In 2022, Salud sold goods costing $80,000 to Piata for $140,000; of these, 75% were sold by Piata to external customers in 2022. Piata's accounts payable at December 31, 2022 contain $20,000 owing to Salud for purchases of goods. Piata charged Salud management fees totalling $60,000 during 2022. Salud owes Piata $5,000 of this amount for December 2022. In 2022, Piata declared and paid dividends of $80,000. In 2022, Salud declared and paid dividends of $60,000. On April 1, 2021, Piata sold to Salud a machine for $100,000. The net book value of the machine in Piata's books was $70,000. The machine had an expected life remaining of 6 years at the date of the intercompany sale. In June 2022, Piata sold a parcel of land to Salud for $200,000. The land had a carrying value of $150,000 in Piata's books. The following are the separate entity Balance Sheets of Piata and Salud as at December 31, 2022: BALANCE SHEET December 31, 2022 Piata Salud Assets Cash 58,000 35,000 Receivables 142,000 115,000 Inventory 240,000 220,000 Land 500,000 300,000 Building, net 960,000 645,000 Equipment, net 250,000 435,000 Goodwill - 50,000 Investment in Salud 350,000 - Total assets 2,500,000 1,800,000 Liabilities and Shareholders' Equity Accounts payable 162,000 197,000 Income taxes payable 54,750 10,000 Long-term liabilities 275,000 168,000 Ordinary shares 350,000 200,000 Retained earnings 1,658,250 1,225,000 Total liabilities and shareholders' equity 2,500,000 1,800,000 What is the amount of consolidated long-term liabilities at December 31, 2022? Question 1 options: $443,000 $453,000 $439,000 $447,000