On January 1, 2017, 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 $6.50 per share both before and after the acquisition by Holland. Zeeland's acquisition date balance sheet follows:

On January 1, 2017, 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, 2018, follow:

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 non-controlling interest.
b. Show how Holland determined its December 31, 2018, Investment in Zeeland account balance.
c. Prepare a worksheet to determine the amounts that should appear on Holland's December 31, 2018, consolidated financial statements?

$ 14,000 Liabilities Current assets Property and equipment (net) Patents $212,000 100,000 160,000 $472.000 268,000 Common stock 190,000 Retained earnings SA/20X) Holland Zeeland Sales Cost of goods sold Depreciation expense Amortization expense Other operating expenses Equity in Zeeland earnings $ (640,500 (428,500) 200,000 34,000 21,000 63,500 325,000 80,000 14,000 52,000 42,300 0 Separate company net income $ (211,8 1.800 10000 Retained earnings 1/1 Net income Dividends declared. $(820,200) (296,500) (110,000) 30,000 (211,800) 50,000 S (982,000 S376,500 $ 81,500 Retained earnings 12/31 Current assets Investment in Zeeland Property and equipment (net)... . Patents $ 125,000 562,500 837,000 149,000 $1.673,500 259,000 147,500 $488,000 Total assets.... $ (371,500) (320,000) (11,500) Liabilities Common stock - Holland Common stock - Zeeland Retained earnings 12/31 (100,000) 982000376500) $(488,000) Total liabilities and owners equity 1,673