On January $1,2021,$ Morey, Inc., exchanged $$173,750$ 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 $$574,000$ 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$)$:

Amsterdam's revenue and expenses were distributed evenly throughout the year, and no changes in

Amsterdam's stock have occurred.

a$.$ Using the acquisition method, calculate the acquisition$-$date fair value of Amsterdam to be included

in Morey's June $30$ consolidated financial statements.

b$.$ Using the acquisition method, calculate the revaluation gain $($or loss$)$ reported by Morey for its $25$

percent investment in Amsterdam on June $30.$

c$.$ 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$).$

d$.$ Using the acquisition method, calculate the noncontrolling interest amount reported by Morey on its

June $30$ and December $31$ consolidated balance sheet.