Required information Use the following information for Problems 17-21 On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows Park Strand $ 18,0e0 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Stockholders equity Total liabilities and equities 113,250 90,250 $ 203,500 $45,000 46.000 $ 64,000 s 14,000 72,500 86,00050:000 $ 64,000 $ 203,500 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 4-19 (LO 4-2) On a consolidated balance sheet as of January 2, what should be the amount for current liabilities