On January 1, 2021, Morey, Inc, exchanged $176,425 for 25 percent of Amsterdam Corporation. Morey approphately applied the equity method to this investment. At January 1, the book values of Amsterdam's assets and liabilities approximated their fali values. On June 30, 2021. Morey paid $626,500 for an additional 70 percent of Amsterdam, thus increasing its overall ownership to 95 percent. The price paid for the 70 percent acquisition was propontionate to Amsterdam's total fair value. At June 30 , the carrying amounts of Amsterdam's assets and liablities approximated their foir values. Any remaining excess falr value was ottributed to goodwill. Amsterdam reports the followng amounts at December 31, 2021 (credit balances shown in parentheses): Amsterdam's revenue and expenses were distnbuted 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 incluced in Morey's June 30 consolidated financial statements. b. Using the acquisition method, calculate the revaluation gain (or lass) reported by Morey for its 25 percent investment in Amsterdam on June 30 . c. Using the acquistion method, calculate the amount of goodwill recognized by Morey on its December 3t consolidated balance sheet (assume no impairments have been recognized) d. Using the acquisition method, calculate the noncontroling interest amount reported by Morey on its June 30 and December 31 consolldated balance sheet. (8) Answer is complete but not entirely correct