Attaching question and partial answer (which shows incorrect calculations). Need incorrect calculations corrected with how arrived at proper calculations.

The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $7.20 per share on January 1, 2014. The remaining 20 percent of Devine's shares also traded actively at $7.20 per share before and after Holtz's acquisition. An appraisal made on that date determined that all book values appropriately reflected the fair values of Devine's underlying accounts except that a building with a 5-year life was undervalued by $75,500 and a fully amortized trademark with an estimated 10-year remaining life had a $63,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $314,500. Following are the separate financial statements for the year ending December 31, 2015: Holtz Corporation Sales $ Cost of goods sold Operati ng expense s Divide nd income Net income Retain ed earnings , 1/1/15 Net income (above) Divide nds declared Retai ned earnings , 12/31/1 5 Curren t assets Invest ment in Devine, Inc (742,00 ) 0 Devine, Inc. $ (275,75 ) 0 208,000 110,000 342,000 69,750 (16,000) 0 $ (208,00 ) 0 $ (96,000) $ (764,00 ) 0 $ $ (384,50 ) 0 (208,00 ) 0 (96,000) 60,000 20,000 (912,00 ) 0 $ (460,50 ) 0 $ 198,500 $ 144,500 576,000 0 Buildin gs and equipme nt (net) Trade marks Total assets Liabiliti es Comm on stock Retain ed earnings , 12/31/1 5 (above) Total liabilities and equities $ $ 862,500 409,000 110,000 219,000 1,747,00 0 $ 772,500 (515,00 ) 0 (320,00 ) 0 $ (912,00 ) 0 $ (1,747,0 ) 00 (212,00 ) 0 (100,00 ) 0 (460,50 ) 0 $ (772,50 ) 0 At year-end, there were no intra-entity receivables or payables. a. Prepare a worksheet to consolidate these two companies as of December 31, 2015. (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.) Al yeamrld. there were no intraeltlity receivables or parables. 0. Prepare a worksheet to consolidale these lwo camper-lies as 01 December 31, 2015. {For mum where multiple consolidation entries are req uired. combine all HON! entries Into (II'IE amount and enter Ihie mount in the debit wlurnn oflhe wurkeheet. Similarly, combine all credit enlries into one amount and enter Illie amount in 0110 men: mlumn of the mrkeheet] hum Is complete but not el'lljrel'lr mnect Sales (742.000) (215.750) Cuelalgoahedd 203000 ' ' 110,000 310,000.;I guring upanses I'3Il_2'.050_' 59750_'51W'"'3T50J Dividend income (10.000) ' ' 10.0001.) 0;! Separate company net income (203M) ($.90?!) ' I mmmmmlmm " (266.6001: NC! in consolidated net income " 04.9000}? 14.920J Holtz's inlent in cortsol'ldaied nel income ' ' _... ' (251.680) Nelincome ' (200.000) ' 190000)' (251mm Dividends declared 60.000 ' 20.000 ' 113.000.}; 4000.}? 60.0004 Relainedeetnings. 12:31 {912.0005 (460.5001 _ 003.200 Curaniasssts 190.500 " 1.14.500 313.0004 lrweslrnenl in Devil-he 576,000 ' " m 514.000.! | m Buldirlgemdequipmemmel} 062,500 ' 409,000 H SHAW 15100} 1,510,600)" m "a 110.01% " 1101000 50,700.; "Ii3004' aduw Good-.1" ' ' 0 " " 0 161.000.} __ 15?.0004' Telal assets M 2.100.200 Liabilities _ {515,000} ' (211000} ' I (new EBHEE-"stmk _ (320003) ' 11000001" 100W? H __ (320000)}? Relalnedearnlngs 12131 (912.000) I (460.500) v | Mining no: in Devine, 01 ' 953mg NCllnDevirIa.12I31 102.300 - (104.51014 Telalliabllnles alumna: (1.747.000) (772.500) 035,000 . 035.000 (2.100.010)