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On January $1,2023,$ Holland Corporation paid $$7$ per share to a group of Zeeland Corporation shareholders to acquire $60,000$ shares of Zeeland's outstanding voting stock, representing a $60$ percent ownership interest. The remaining $40,000$ shares of Zeeland continued to trade in the market close to its recent average of $$5\mathrm{.}00$ per share both before and after the acquisition by Holland. Zeeland's acquisition date balance sheet follows:

$\backslash$table$[[$Current assets,$ $16,200,$Liabilities,$245\mathrm{.}000],[$Property and equipment $($net$),210,200,$Common stock,$100,000],[$Patents$,218,600,$Retained earnings,$100,000],[,$$ $445,000,,$$

$445,000]]$

On January $1,2023,$ Holland assessed the carrying amount of Zeeland's equipment $(5-$year remaining life$)$ to be undervalued by $$45,000.$ Holland also determined that Zeeland possessed unrecorded patents $(10-$year remaining life$)$ worth $$244,800.$ Zeeland's acquisition$-$date fair values for its current assets and liabilities were equal to their carrying amounts. Any remaining excess of Zeeland's acquisition$-$date fair value over its book value was attributed to goodwill.

The companies' financial statements for the year ending December $31,2024,$ follow:

$\backslash$table$[[$Account$,$Holland,Zeeland$],[$Sales$,$$ $(524,100),$$ $(450,500)],[$Cost of goods sold,$265,900,211,000],[$Depreciation expense,$65,500,31,800],[$Amortization expense,$16,200,18,800],[$Other operating expenses,$60,800,56,900],[$Equity in Zeeland earnings,$(59,112),0],[$Separate company net income,$ $(174,812),$$ $(132,000)],[$Retained earnings, $1/1,$$ $(822,400),$$ $(355,900)],[$Net income,$(174,812),(132,000)],[$Dividends declared,$50,000,30,000],[$n $...$ ana,$+10177131,+1957$ nnei$]]$

Required:

a$1.$ Compute the amount of goodwill recognized in Holland's acquisition of Zeeland.

a$2.$ Show the allocation of goodwill to the controlling and noncontrolling interest.

b$.$ Show how Holland determined its December $31,2024,$ Investment in Zeeland account balance.

c$.$ Prepare a worksheet to determine the amounts that should appear on Holland$$s December $31,2024,$ consolidated financial statements.

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