Question 16 Not yet answered Marked out of 1.50 Remove flag On 1/1/2020,P Co purchased 100% of the common stock of S Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below: S 34,000 Cash 206,000 144,000 A/R 26,000 110,000 Inventory 38,000 90,000 Land 32,000 460,000 Plant assets 240,000 Investment in S 392,000 Accounts payable 206,000 142,000 Capital stock 800,000 300,000 Retained earnings 224,000 100,000 90,000 Land 32,000 460,000 Plant assets 240,000 Investment in S 392,000 Accounts payable 206,000 142,000 Capital stock 800,000 300,000 Retained earnings 224,000 100,000 Total liabilities & equities 1,230,000 542,000 At the date of the acquisition, the book values of S co net assets were equal to the fair value except for inventory,which had a fair value of $60,000. What amount of Inventory will be reported in consolidated balance Sheet Select one: a. 169,000 b. 170,000 c. 186,500 d. 148,000