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Prepare a worksheet to consolidate these two companies as of December 3 1 , 2 0 2 1 . Prepare a 2 0 2 1

Prepare a worksheet to consolidate these two companies as of December 31,2021.
Prepare a 2021 consolidated income statement for Holtz and Devine.
If instead the noncontrolling interest shares of Devine had traded for $5.46 surrounding Holtzs acquisition date, what is the impact on goodwill?
The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $7.70 per share on January 1,2020. The remaining 20 percent of Devines shares also traded actively at $7.70 per share before and after Holtzs acquisition. An appraisal made on that date determined that all book values appropriately reflected the fair values of Devines underlying accounts except that a building with a 5-year future life was undervalued by $81,000 and a fully amortized trademark with an estimated 10-year remaining life had a $75,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $290,000.
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