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You received no credit for this question in the previous attempt Required information Use the following information for Problems 17-21 On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Noncurrent assets s 64,25e 14,256e Current liabilities Long-term debt Stockholders' equity Total liabilities and equities $ 46,7se 60,000 9e,0e0 s 196,750 64,25e On January 2, Park borrowed $64,800 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 $64,800 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 4-17 (LO 4-2) On a consolidated balance sheet as of January 2, what should be the amount for current assets? You received no credit for this question in the previous attempt Required information Use the following information for Problems 17-21 On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Noncurrent assets s 64,25e 14,256e Current liabilities Long-term debt Stockholders' equity Total liabilities and equities $ 46,7se 60,000 9e,0e0 s 196,750 64,25e On January 2, Park borrowed $64,800 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 $64,800 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 4-17 (LO 4-2) On a consolidated balance sheet as of January 2, what should be the amount for current assets?

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