On January $1,2023,$ 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 $ $14,000$ Liabilities $ $212,000$

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

Patents $190,000$ Retained earnings $160,000$

$ $472,000$ $ $472,000$

On January $1,2023,$ Holland assessed the carrying amount of Zeeland$$s equipment $(5-$year remaining life$)$ to be undervalued by $$55,000.$ Holland also determined that Zeeland possessed unrecorded patents $(10-$year remaining life$)$ worth $$285,000.$ Zeeland$$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 $31,2024,$ follow:

Account Holland Zeeland

Sales $ $(640,500)$ $ $(428,500)$

Cost of goods sold $325,000200,000$

Depreciation expense $80,00034,000$

Amortization expense $14,00021,000$

Other operating expenses $52,00063,500$

Equity in Zeeland earnings $(42,300)0$

Separate company net income $ $(211,800)$ $ $(110,000)$

Retained earnings, $1/1$ $ $(820,200)$ $ $(296,500)$

Net income $(211,800)(110,000)$

Dividends declared $50,00030,000$

Retained earnings, $12/31$ $ $(982,000)$ $ $(376,500)$

Current assets $ $125,000$ $ $81,500$

Investment in Zeeland $562,5000$

Property and equipment $($net$)837,000259,000$

Patents $149,000147,500$

Total assets $ $1,673,500$ $ $488,000$

Liabilities $ $(371,500)$ $ $(11,500)$

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

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

Retained earnings, $12/31(982,000)(376,500)$

Total liabilities and owners' equity $ $(1,673,500)$ $ $(488,000)$

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

Required:

a$1.$ What is the amount of goodwill recognized in Holland$$s acquisition of Zeeland.

a$2.$What is the allocation of goodwill to the controlling and noncontrolling interest.

b$.$What is the inital value?

What is the change in Zeeland retained earnings?

What is th excess amortization?

What is the investment in Zeeland?

c$.$ Prepare a worksheet to determine the amounts that should appear on Holland$$s December $31,2024,$ consolidated financial statements.