On january 1, 20x9, pirate corporation acquired 80 percent of sea-gull company's common stock for $160,000 cash. the fair value of the noncontrolling interest at that date was determined to be $40,000. data from the balance sheets of the two companies included the following amounts as of the date of acquisition: pirate corp. sea-gull corp. cash $ 60,000 $ 20,000 accounts receivable 80,000 30,000 inventory 90,000 40,000 land 100,000 40,000 buildings and equipment 200,000 150,000 less: accumulated depreciation (80,000 ) (50,000 ) investment in sea-gull corp. 160,000 total assets $ 610,000 $ 230,000 accounts payable $ 110,000 $ 30,000 bonds payable 95,000 40,000 common stock 200,000 40,000 retained earnings 205,000 120,000 total liabilities and equity $ 610,000 $ 230,000 at the date of the business combination, the book values of sea-gull's net assets and liabilities approximated fair value except for inventory, which had a fair value of $45,000, and land, which had a fair value of $60,000. based on the preceding information, what amount of total liabilities will be reported in the consolidated balance sheet prepared immediately after the business combination?