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answer the first question

On January 1, 2017, Holland assessed the carrying amount of Zeeland's equipment (5-year remaining life) to be undervalued by $58,000. Holland also determined that Zeeland possessed unrecorded patents (10-year remaining life) worth $300,600. 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, 2018, follow: Sales Cost of goods sold Depreciation expense Anortization expense Other operating expenses Equity in Zeeland earnings Separate company net incone Holland $ (675,600) 342,780 84,500 14,380 53,280 (42,884) $ (223, 704) Zeeland $ (431,500) 201,500 33,700 20,700 62,600 $ (113, 000) Retained earnings 1/1 Net income Dividends declared Retained earnings 12/31 $ (820,500) (223, 784) 50,000 $ (994,204) $(384,600) (113, 000) 30,000 $ (387,600) $ 84,500 Current assets Investment in Zeeland Property and equipment (net) Patents Total assets $ 125,300 590,568 840,000 149,600 $ 1,705,468 262,000 150,500 $ 497,000 s (9,400) Liabilities Common stock - Holland Conmon stock - Zeeland Retained earnings 12/31 Total liabilities and owners equity $ (391,264) (320,008) @ (994,204) $(1,785,468) (100,000) (387,680) $ (497,800) At year-end, there were no intra-entity receivables or payables. a. Compute the amount of goodwill recognized in Holland's acquisition of Zeeland and the allocation of goodwill to the controlling and