The Holtz Corporation acquired $80$ percent of the $100,000$ outstanding voting shares of Devine, Inc., for $$6\mathrm{.}00$ per share on January $1,2020.$ The remaining $20$ percent of Devine$$s shares also traded actively at $$6\mathrm{.}00$ per share before and after Holtz$$s acquisition. An appraisal made on that date determined that all book values appropriately reflected the fair values of Devine$$s underlying accounts except that a building with a $5-$year future life was undervalued by $$70,500$ and a fully amortized trademark with an estimated $10-$year remaining life had a $$62,000$ fair value. At the acquisition date, Devine reported common stock of $$100,000$ and a retained earnings balance of $$158,500.$

Following are the separate financial statements for the year ending December $31,2021$:

Holtz

Corporation Devine,

Inc.

Sales $ $(731,000)$ $ $(316,000)$

Cost of goods sold $276,000149,000$

Operating expenses $261,00083,000$

Dividend income $(16,000)0$

Net income $ $(210,000)$ $ $(84,000)$

Retained earnings, $1/1/21$ $ $(748,000)$ $ $(228,500)$

Net income $($above$)(210,000)(84,000)$

Dividends declared $60,00020,000$

Retained earnings, $12/31/21$ $ $(898,000)$ $ $(292,500)$

Current assets $ $372,500$ $ $170,500$

Investment in Devine, Inc. $480,0000$

Buildings and equipment $($net$)720,000324,000$

Trademarks $193,000153,000$

Total assets $ $1,765,500$ $ $647,500$

Liabilities $ $(547,500)$ $ $(255,000)$

Common stock $(320,000)(100,000)$

Retained earnings, $12/31/21($above$)(898,000)(292,500)$

Total liabilities and equities $ $(1,765,500)$ $ $(647,500)$

At year$-$end, there were no intra$-$entity receivables or payables.

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 $$3\mathrm{.}91$ surrounding Holtz$$s acquisition date, what is the impact on goodwill?