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The current and non current assets are already split up as is liabilities. Please use the fair value method for noncontrolling interest. Please let me

image text in transcribedimage text in transcribedThe current and non current assets are already split up as is liabilities. Please use the fair value method for noncontrolling interest. Please let me know if you need anything else but this is all that the question states there is no other info given.

On January 1, 2018, Boston paid $10,000 cash and borrowed 80,000 to obtain 80 percent of the outstanding common shares of Westford. The 80,000 debt is payable in 10 equal annual principal payments, plus interest (annual interest rate 10%), beginning December 31. On the date of acquisition, Westford's book value was 80,000 The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60%). a building (20%), and to goodwill (20%). Inventories are sold on FIFO basis. Buildings are depreciated in 10 years, straight-line. Westford announces no net income or dividends during 2018 and 2019. On December 31, 2019. Boston Corporation and Westford Corporation had condensed balance sheets as follows: Current Assets Noncurrent Assets Total Assets Boston 100,000 120,000 220,000 Westford 50,000 70.000 120,000 40,000 Current Liabilities Long-term Debt Stockholders' equity Total Liability and Stockholders' equity 60,000 80,000 80,000 80,000 220,000 120,000 On a consolidated balance sheet, what should be the amount for each of the following? (Hint: When you consider each type of firm resources, such as current assets, think about how the above information affects your consideration. For example, are Inventories current assets? Similar considerations shall be applied to answering all questions). . Consolidated Current assets on December 31, 2019 . Consolidated Noncurrent assets on December 31, 2019 - Consolidated Current Liabilities on December 31, 2019 . Consolidated Noncurrent liabilities on December 31, 2019 . Consolidated Stockholders' equity on December 31, 2019 f. Consolidated Investment in Westford on December 31, 2019 Consioidated Current Assets, 12/31/2019 Consoldated Noncurrent Assets, 12/31/2019 Consoldated Current Liabilities 12/31/2019 Consloldated Noncurrent Liabilities 12/31/2019 Consloldated Stockholders' equity 12/31/2019 Consloldated Investment in the sub, Dec 31, 2019

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