On January $1,2023,$ Holland Corporation paid $$7$ 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 $$5\mathrm{.}00$ per share both before and after the acquisition by Holland.

Zeeland's acquisition date balance sheet follows:

On January $1,2023,$ Holland assessed the carrying amount of Zeeland's equipment $(5-$year remaining life$)$ to be undervalued by

$$45,000.$ Holland also determined that Zeeland possessed unrecorded patents $(10-$year remaining life$)$ worth $$244,800.$ 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:

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

Required:

a$1.$ Compute the amount of goodwill recognized in Holland's acquisition of Zeeland.

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

b$.$ Show how Holland determined its December $31,2024,$ Investment in Zeeland account balance.

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

statements.