On January $1,2020,$ Holland Corporation paid $$9$ per share to a group of Zeeland Corporation shareholders to acquire $60,000$ shares of Zeelands outstanding voting stock, representing a $60$ percent ownership interest. The remaining $40,000$ shares of Zeeland continued to trade in the market close to its recent average of $$8\mathrm{.}00$ per share both before and after the acquisition by Holland. Zeelands acquisition date balance sheet follows:$$Current assets$$15,700$Liabilities$$237,500$Property and equipment $($net$)329,700$Common stock$100,000$Patents$212,100$Retained earnings$220,000$$$557,500$$$557,500$On January $1,2020,$ Holland assessed the carrying amount of Zeelands equipment $(5-$year remaining life$)$ to be undervalued by $$50,000.$ Holland also determined that Zeeland possessed unrecorded patents $(10-$year remaining life$)$ worth $$420,100.$ Zeelands acquisition$-$date fair values for its current assets and liabilities were equal to their carrying amounts. Any remaining excess of Zeelands acquisition$-$date fair value over its book value was attributed to goodwill.$$The companies financial statements for the year ending December $31,2021,$ follow:$$Holland$$ZeelandSales$$(582,600)$$$(445,500)$Cost of goods sold$295,400208,500$Depreciation expense$73,00032,300$Amortization expense$15,70019,300$Other operating expenses$58,80058,400$Equity in Zeeland earnings$(44,994)0$Separate company net income$$(184,694)$$$(127,000)$Retained earnings $1/1$$$(821,900)$$$(342,400)$Net income$(184,694)(127,000)$Dividends declared$50,00030,000$Retained earnings $12/31$$$(956,594)$$$(439,400)$Current assets$$126,700$$$98,500$Investment in Zeeland$609,2280$Property and equipment $($net$)854,000276,000$Patents$152,400168,500$Total assets$$1,742,328$$$543,000$Liabilities$$(465,734)$$$(3,600)$Common stock$$Holland$(320,000)0$Common stock$$Zeeland$0(100,000)$Retained earnings $12/31(956,594)(439,400)$Total liabilities and owners equity$$(1,742,328)$$$(543,000)$At year$-$end, there were no intra$-$entity receivables or payables.$1$Compute the amount of goodwill recognized in Hollands acquisition of Zeeland and the allocation of goodwill to the controlling and noncontrolling interest$\mathrm{.}2$Show how Holland determined its December $31,2021,$ Investment in Zeeland account balance$\mathrm{.}3$Prepare a worksheet to determine the amounts that should appear on Hollands December $31,2021,$ consolidated financial statements.$$