On January 1, 2020, Holland Corporation paid 58 per share 10 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 $650 per share both before and after the acquisition by Holland Zeeland's acquisition date balance sheet follows: Current assets Property and equipment (net) Patents $ 15,400 abilities 269,100 Comon stock 200,200 Retained earnings $493,000 $ 23,000 100,000 160,00 $493,000 On January 1, 2020, Holland assessed the carrying amount of Zeeland's equipment (5 year remaining life to be undervalued by $53,000 Holland also determined that Zeeland possessed unrecorded patents (10 year remaining life worth $327,200, 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 for value over its book value was attributed to goodwill The companies inancial statements for the year ending December 31, 2021. foliow. Holland eeland Sales (617,700) (442,500) cost of goods sold 31,100 207,000 Depreciation expense 77,500 Amortization expense 12,600 15,400 19,600 other operating expenses 57,00 59,00 Equity in Zeeland earnings KAB403) Separate company net income $(202,500) (124.000) Betained canings 1/1 Net Income Dividends declared Retained carnis 12/31 $(621,00 (202)503) 50.000 5 (974.100) (14,100) (124,000 30.000 3425,100) 95,500 Current assets Investment in Teland Property and count (net) Patents Total asset $ 136,00 588,996 Ast, 151,00 $1,710,136 273,000 $530,000 Labilities Como stond Constant Betained earnings 12/11 Total llits anders uity $426, (120,000) (3,700) 22 31.10.1967 (100,000) 100 55,00) At year-end, there were no intentity receivables of payables Compute the amount of goodwill recognized in Holland's coustion of Zeeland and the allocation of goodwill to the controlling and non controlling tot b. Snow How Holland determined its December 312021. vestment in Zeeland account balance c. Prepare a wotteet to determine the amount that should appear on Holland's December 2021 consolidated financial Statements