Please answer all parts of question, specifically How did Zebra come to the number of $424,200 for the Investment in Hippo account?

On January 1, 2019, Zebra Company acquired a 60 percent interest in Hippo Company for $372,000 cash. On that date, Hippo's book value consisted of common stock of $100,000 and retained earnings of $230,000. Also on that date, the fair value of the 40 percent noncontrolling interest was $248,000. The subsidiary held patents (with a 10-year remaining life) that were undervalued within the company's accounting records by $70,000 and an unrecorded copywrite (15-year remaining life) assessed at a $45,000 fair value. Any remaining excess acquisition date fair value was assigned to goodwill. Hippo pays dividends of $15,000 in each year. Since acquisition, Zebra has applied the Equity method to its Investment in Hippo account. At year end, there are no intra-entity payables or receivables. Inventory sales between the two companies have been made as follows: Year 2019 2020 Cost to Hippo $120,000 $112,000 Transfer price t o Zebra $150,000 $160,000 Ending Inventory Held at transfer price) $50,000 $40,000 Sales The following are the 2020 financial statements for Zebra Company and Hippo Company: Zebra Hippo $744,000 $291,000 Cost of goods sold 518,000 147,000 Operating expenses 188,000 70,000 Equity in Hippo income 37,200 Net income $75.200 $74.000 Retained earnings, 1/1/20 $689,000 $290,000 Net income 75,200 74,000 Dividends paid 45,000 15,000 Retained earnings, 12/31/20 5719.200 $349,000 Cash and receivables $72,000 $324,000 Inventory 273,000 89,000 Investment in Hippo 424,200 Buildings, net 308,000 202,000 Equipment, net 220,000 86,000 Patents, net 20,000 Total assets $1.297,200 $721.0.0.0 Liabilities $278,000 $272,000 Common stock 300,000 100,000 Retained earnings, 12/31/20 719,200 349,000 Total liabilities and equity $1.297,200 $721.000 Zebra | Hippo DR CR Noncontrolling Interest Consolidated Balance Sales Cost of goods sold Operating expenses Equity In Hippo Income Separate company income Consolidated Net Income NCI in Hippo income Net Income to controlling Interest Retained earnings 1/1/20 Net income Dividends paid Retained earnings, 12/31/20 Cash and receivables Inventory Investment in Hippo Buildings, net Equipment, net Patents, net Total assets Liabilities Common Stock Retained earnings, 12/31/20 Noncontrolling Interest in Hippo (1/1/20) Noncontrolling Interest in Hippo (12/31/201 Total liabilities and equity