On January $1,2021,$ Morey, Inc., exchanged $$175,175$ for $25$ percent of Amsterdam Corporation. Morey appropriately applied the equity method to this investment. At January $1,$ the book values of Amsterdam$$s assets and liabilities approximated their fair values.

On June $30,2021,$ Morey paid $$637,000$ for an additional $70$ percent of Amsterdam, thus increasing its overall ownership to $95$ percent. The price paid for the $70$ percent acquisition was proportionate to Amsterdam$$s total fair value. At June $30,$ the carrying amounts of Amsterdam$$s assets and liabilities approximated their fair values. Any remaining excess fair value was attributed to goodwill.

Amsterdam reports the following amounts at December $31,2021($credit balances shown in parentheses$)$:

Revenues $ $(306,000)$

Expenses $185,000$

Retained earnings, January $1(277,700)$

Dividends declared, October $120,000$

Common stock $(500,000)$

Amsterdam$$s revenue and expenses were distributed evenly throughout the year, and no changes in Amsterdam$$s stock have occurred.

Using the acquisition method, calculate the acquisition$-$date fair value of Amsterdam to be included in Morey's June $30$ consolidated financial statements.

Using the acquisition method, calculate the revaluation gain $($or loss$)$ reported by Morey for its $25$ percent investment in Amsterdam on June $30.$

Using the acquisition method, calculate the amount of goodwill recognized by Morey on its December $31$ consolidated balance sheet $($assume no impairments have been recognized$).$

Using the acquisition method, calculate the noncontrolling interest amount reported by Morey on its June $30$ and December $31$ consolidated balance sheet.