Use the following information for Problems 17-21 On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park $ 82,000 Stran Current assets Noncurrent assets Total assets Current liabilities Long-term debt stockholders' equity Total liabilities and equities 22,450 105,25042,800 187,250 65,250 $ 33,000 15,250 65,250 89,00050,000 $ 65,250 187,250 On January 2, Park borrowe of Strand. The acquisition price was considered proportionate to Strand's total fair value. The $67600 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). d $67,600 and used the proceeds to obtain 80 percent of the outstanding common shares Problem 4-19 (LO 4-2) On a consolidated balance sheet as of January 2, what should be the amount for current liabilities? Multiple Choice K Prex 456 of7 Next