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 $$6\mathrm{.}50$ per share both before and after the acquisition by Holland. Zeeland$$s acquisition date balance sheet follows:

Current assets $ $14,800$ Liabilities $ $224,000$

Property and equipment $($net$)268,800$ Common stock $100,000$

Patents $200,400$ Retained earnings $160,000$

$ $484,000$ $ $484,000$

On January $1,2020,$ Holland assessed the carrying amount of Zeeland$$s equipment $(5-$year remaining life$)$ to be undervalued by $$63,000.$ Holland also determined that Zeeland possessed unrecorded patents $(10-$year remaining life$)$ worth $$315,600.$ Zeeland$$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 $31,2021,$ follow:

Holland Zeeland

Sales $ $(734,100)$ $ $(436,500)$

Cost of goods sold $372,200204,000$

Depreciation expense $92,00033,200$

Amortization expense $14,80020,200$

Other operating expenses $55,20061,100$

Equity in Zeeland earnings $(44,304)0$

Separate company net income $ $(244,204)$ $ $(118,000)$

Retained earnings $1/1$ $ $(821,000)$ $ $(318,100)$

Net income $(244,204)(118,000)$

Dividends declared $50,00030,000$

Retained earnings $12/31$ $ $(1,015,204)$ $ $(406,100)$

Current assets $ $125,800$ $ $89,500$

Investment in Zeeland $574,6680$

Property and equipment $($net$)845,000267,000$

Patents $150,600155,500$

Total assets $ $1,696,068$ $ $512,000$

Liabilities $ $(360,864)$ $ $(5,900)$

Common stock$$Holland $(320,000)0$

Common stock$$Zeeland $0(100,000)$

Retained earnings $12/31(1,015,204)(406,100)$

Total liabilities and owners equity $ $(1,696,068)$ $ $(512,000)$

At year$-$end, there were no intra$-$entity receivables or payables.

Compute the amount of goodwill recognized in Holland$$s acquisition of Zeeland and the allocation of goodwill to the controlling and noncontrolling interest.

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

Prepare a worksheet to determine the amounts that should appear on Holland$$s December $31,2021,$ consolidated financial statements.