On January 1, 2020, Holland Corporation paid $9 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 $8.00 per share both before and after the acquisition by Holland Zeeland's acquisition date balance sheet follows: Current assets $ 14,300 Liabilities $216,500 Property and equipment (net) 328,300 Common stock 100,000 Patents 193,900 Retained earnings 220,000 $536,500 $536,500 On January 1, 2020, Holland assessed the carrying amount of Zeeland's equipment (S-year remaining life) to be undervalued by $58,000. Holland also determined that Zeeland possessed unrecorded patents (10-year remaining life) worth $300,600. 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, 2021, follow Holland Zeeland Sales $ (675,600) S(431,500) Cost of goods sold 342,700 201,500 Depreciation expense 84,500 33,700 Amortization expense 14,300 20,700 Other operating expenses 53,200 62,600 Equity in Zeeland earnings (42,804) 0 Separate company net income $ (223,704) $(113,000) Retained earnings 1/1 Net income Dividends declared Retained earnings 12/31 $ (820,500) $(304.600) (223,704) (113,000) 50,000 30,000 $ 1994.204) S(387,600) Current assets Investment in Zeeland Property and equipment (net) Patents Total assets $ 125,300 $ 84,500 590,568 0 840,000 262,000 149.600 150,500 $ 1,705,468 $ 497,000 Liabilities Common stock-Holland Common stock-Zeeland Retained carnings 12/31 Total liabilities and camers equity $ (391,264) $ (9,400) (320,000) 0 0 (100,000) (994.204) (387,600] $(1.705468) $(497,000) At year-end, there were no intra-entity receivables or payables a. Compute the amount of goodwill recognized in Holland's acquisition of Zeeland and the allocation of goodwill to the controlling and noncontrolling interest. h. Show how Holland determined its December 31, 2021, Investment in Zeeland account balance. Prepare a worksheet to determine the amounts that should appear on Holland's December 31, 2021. consolidated financial statements