On January 2, Park borrowed $65,600 and used the proceeds to obtain 80 percent of the outstanding common shares of Strand. The acquisition price was considered proportionate to Strand's total fair value. The $65,600 debt is payable in 10 equal annual principal payments, plus interest, beginning December 31 . The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60 percent) and to goodwill ( 40 percent). Problem 4-17 (Algo) (LO 4-2) On a consolidated balance sheet as of January 2, what should be the amount for current assets? Multiple Choice $138,930 $163,250. $131,250. $150,450