I need to enter the debits and credits and the consolidated income.

Problem 4-36 (LO 4-5, 4-6, 4-7) The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $7.30 per share on January 1, 2014. The remaining 20 percent of Devine's shares also traded actively at $7.30 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 $64,500 and a fully amortized trademark with an estimated 10-year remaining life had a $84,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $333,500 Following are the separate financial statements for the year ending December 31, 2015: Holtz Devine, Corporation Inc Sales (674,000) $(340,250) Cost of goods sold 233,000 166,000 275,000 83,250 Operating expenses (16,000) Dividend income (182,000) (91,000) Net income Retained earnings, 1/1/15 (783,000) $(403,500) Net income (above) (182,000) (91,000 70,000 20,000 Dividends declared (895,000) $(474,500) Retained earnings, 12/31/15 Current assets 301,000 196,500 Investment in Devine, Inc 584,000 Buildings and equipment (net) 825,000 423,000 Trademarks 115,000 181,000 Total assets 1,825,000 800,500