Please help me solve this problem as some of the answers I have are wrong: Answer is not complete.

Complete this question by entering your answers in the tabs below.

Req A and $B$

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.

Note: Negative amounts should be shown with a minus sign.

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$\backslash$table$[[,,$Amount$],[$a$1.$ Goodwill,$140,000],[,\backslash$table$[[$Controlling$],[$Interest$]],\backslash$table$[[$Noncontrolling$],[$interest$]]],[$a$2.$ Goodwill allocation,$84,000\backslash$times $,56,000\backslash$times $],[,$Amount$],[$b$.$ Initial Value,$480,000],[$b$.$ Change in Zeeland's Retained earnings,$0\backslash$times $],[$b$.$ Excess amortization,$(39,500)\backslash$times $],[$b$.$ Investment in Zeeland,$440,500]]$ Req A and $B$

Req C

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

Note: For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values.

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HOLLAND CORPORATION AND ZEELAND CORPORATION

Consolidation WorksheetOn January $1,2023,$ Holland Corporation paid $$8$ per share to a group of Zeeland Corporation shareholders to acquire $60,000$ shares of Zeeland's outstanding voting stock, representing a $60$ percent ownership interest. The remaining $40,000$ shares of Zeeland continued to trade in the market close to its recent average of $$6\mathrm{.}50$ per share both before and after the acquisition by Holland. Zeeland's acquisition date balance sheet follows:

$\backslash$table$[[\backslash$table$[[$Current assets$],[$Property and equipment $($net$)],[$Patents$]],\backslash$table$[[$$$14,000],[268,000],[190,000]],\backslash$table$[[$Liabilities$],[$Common stock$],[$Retained earnings$]],\backslash$table$[[$$$212,000],[100,000],[160,000]]],[,$$$472,000,,$$$472,000]]$

On January $1,2023,$ Holland assessed the carrying amount of Zeeland's equipment $(5-$year remaining life$)$ to be undervalued by $$55,000.$ Holland also determined that Zeeland possessed unrecorded patents $(10-$year remaining life$)$ worth $$285,000.$ 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:

$\backslash$table$[[$Account$,$Holland,Zeeland$],[$Sales$,$$$(640,500),$$$(428,500)],[$Cost of goods sold,$325,000,200,000],[$Depreciation expense,$80,000,34,000],[$Amortization expense,$14,000,21,000],[$Other operating expenses,$52,000,63,500],[$Equity in Zeeland earnings,$(42,300),0],[$Separate company net income,$$(211,800),$$$(110,000)],[$Retained earnings, $1/1,$$$(820,200),$$$(296,500)],[$Net income,$(211,800),(110,000)],[$Dividends declared,$50,000,30,000],[$Retained earnings, $12/31,$$$(982,000),$$$(376,500)],[$Current assets,$$125,000,$$$81,500],[$Investment in Zeeland,$562,500,0],[$Property and equipment $($net$),837,000,259,000],[$Patents$,149,000,147,500],[$Total assets,$$1,673,500,$$$488,000],[$Liabilities$,$$$(371,500),$$$(11,500)],[$Common stock$-$Holland,$(320,000),0],[$Common stock$-$Zeeland,$0,(100,000)],[$Retained earnings, $12/31,(982,000),(376,500)],[$Total liabilities and owners',$$(1,673,500),$$$(488,000)]]$

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 financial statements.