On January 1, 2023, Holland Corporation paid $7 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 $5.00 per share both before and after the acquisition by Holland. Zeeland's acquisition date balance sheet follows: Current assets Property and equipment (net) Patents $ 15,000 Liabilities 209,000 Common stock 203,808 Retained earnings $427,000 $ 227,000 100,000 100,000 $ 427,000 On January 1, 2023, Holland assessed the carrying amount of Zeeland's equipment (5-year remaining life) to be undervalued by $65,000. Holland also determined that Zeeland possessed unrecorded patents (10-year remaining life) worth $226,600. 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, 2024, follow: Zeeland Account Sales Cost of goods sold Depreciation expense Amortization expense Other operating expenses Equity in Zeeland earnings Separate company net income Retained earnings, 1/1 Net income Dividends declared Retained earnings, 12/31 Current assets Investment in Zeeland Property and equipment (net) Patents Total assets Liabilities Common stock-Holland Common stock-Zeeland Retained earnings, 12/31 Total liabilities and owners' equity Holland $ (757,580) 384,000 $ (438,580) 205,000 95,000 33,000 15,000 20,000 56,000 (58,684) 60,500 В $ (258,184) $ (821,280) (258,184) 50,000 $ (1,829,384) $ 126,000 565,308 847,000 151,000 $ 1,689,388 $ (340,004) (328,000) В (1,829,304) $ (1,689,308) At year-end, there were no intra-entity receivables or payables. Required: $ (120,000) $ (323,580) (120,000) 30,000 $ (413,580) $ 91,500 B 269,000 157,500 $ 518,000 $ (4,580) В (100,000) (413,580) $ (518,080) a1. Compute the amount of goodwill recognized in Holland's acquisition of Zeeland. a2. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Req A and B Req C a1. Compute the amount of goodwill recognized in Holland's acquisition of Zeeland. a2. 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. Amount a1. Goodwill 128,400 Controlling Interest a2. Goodwill allocation 372,396 Noncontrolling Interest 372,396 Amount Show less A