On January $1,2020,$ Holland Corporation paid $$8$ 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 $$7\mathrm{.}00$ per share both before and after the acquisition by Holland. Zeeland's acquisition date balance sheet

follows:

On January $1,2020,$ Holland assessed the carrying amount of Zeeland's equipment $(5-$year remaining life$)$ to

be undervalued by $$52,000.$ Holland also determined that Zeeland possessed unrecorded patents $(10-$year

remaining life$)$ worth $$360,000.$ 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 $31,2021,$ follow:

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 noncontrolling interest.

b$.$ Show how Holland determined its December $31,2021,$ Investment in Zeeland account balance.

c$.$ Prepare a worksheet to determine the amounts that should appear on Holland's December $31,2021,$

consolidated financial statements.