On January 2, Parma borrowed $60,000 and used the proceeds to purchase 90% of the outstanding common shares of Seville. Parma had no prior equity interest in Seville. Ten equal principal and interest payments begin December 30. The excess of the implied fair value of Seville over the carrying amount of its identifiable net assets should be assigned 60% to inventory and 40% to goodwill. Moreover, the fair value of the noncontrolling interest (NCI) is 10% of the implied fair value of the acquiree. The following are the balance sheets of Parma and Seville on January 1: Parma Seville $ 70,000 $20,000 90,000 40,000 $160,000 $60,000 Current assets Noncurrent assets Total assets Current liabilities Noncurrent liabilities Equity S 30,000 $10,000 50,000 80,000 50,000 Total liabilities and equity160,000S n Parmai's January 2 consolidated balance sheet, the sum of the noncurrent labities and the NCI equal O A. $50,000 O B. $110,667 O C. $104,000 O D. $116,667