The above is the question and relavent information, the below is the textbook solution on chegg.

Where is the book value aspect coming from? Is it just the stockholder's equity? Also, why are we dividing 60k by 80%? Thanks for the explanation in advance!

Use the following information for Problems 17 through 21: On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Strand Current assets... .000 40.000 $160,000 $60,00 Noncurrent assets ,000 50.000 On January 2, Park borrowed $60,000 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 $60,000 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). On a consolidated balance sheet as of January 2, what should be the amount for each of the following? LO 4-2 17. Current assets a. $105,000 b. $102,000 c. $100,000 d. $90,000