Panama Incorporated and Sunny Company reported summarized balance sheets as shown below, on December 31, 2019.

Panama Sunny

Current assets $420,000 $210,000

Noncurrent assets 670,000 430,000

Total assets $1,090,000 $640,000

Current liabilities $230,000 $50,000

Long-term debt 350,000 150 000

Stockholders' equity 510,000 440,000

Total liabilities and equities $1,090,000 $640,000

On January 1, 2020, Panama purchased 70% of the outstanding capital stock of Sunny for $392,000, of which $92,000 was paid in cash, and $300,000 was borrowed from their bank. The debt is to be repaid in 10 annual installments beginning on December 31, 2020, with each payment consisting of $30,000 principal, plus accrued interest.

The excess fair value of Sunny Company over the underlying book value is allocated to inventory (60 percent) and to goodwill (40 percent).

Required: Calculate the balance in each of the following accounts, on the consolidated balance sheet, immediately following the acquisition.

a. Current assets

b. Noncurrent assets

c. Current liabilities

d. Long-term debt

e. Stockholders' equity