PROB 5-8 (AICPA) _Manilalnc.._ _Consolidated_ Current assets 106,000 146,000 Plant assets (net) 270,000 370,000 Investment in A Co. (cost) 100,000 Goodwill 8,100 Total 416,000 42401.00. Manila Inc. acquired 70% of the outstanding stocks of A Co. The separate balance sheet of Manila, Inc. immediately after the business combination and the consolidated balance sheet are shown above, P10, 000 of the excess payment for the investment in A Co. was ascribed to undervaluation of the plant assets, excess payment ascribed to goodwill. Current assets of A. Co. which included a P2, 000 receivable from Manila. Inc. which arose before the business combination. What is the total current asset of A Co.'s separate balance sheet at the time of Manila, Inc's acquisition of 70% interest? a. 33,000 b. 40,000 c. 42,000 (1. 104,000