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 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 Assets Piata Salud Cash 58,000 35,000 Receivables 142,000 115,000 Inventory Land 240,000 220,000 500,000 300,000 Building, net 960,000 645,000 Equipment, net 250,000 435,000 Goodwill Investment in Salud 50,000 350,000 - 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 1,658,250 1,225,000 Retained earnings Total liabilities and shareholders' equity 2,500,000 1,800,000 Total liabilities and shareholders' equity 2,500,000 1,800,000 What is the amount of consolidated long-term liabilities at December 31, 2022? $447,000 $453,000 $439,000 $443,000