On January 1,2016,Pent Company and Shelter Company Had Condensed Balance

Multiple Choice

On January 1,2016,Pent Company and Shelter Company had condensed balance sheets as follows: On January 2,2016 Pent borrowed $180,000 and used the proceeds to purchase 90% of the outstanding common stock of Shelter.This debt is payable in 10 equal annual principal payments,plus interest,starting December 30,2016.Any difference between book value and the value implied by the purchase price relates to land.
On Pent's January 2,2016 consolidated balance sheet,current liabilities should be:

A) $150,000.
B) $138,000.
C) $120,000.
D) $90,000.