The Holtz Corporation acquired $80$ percent of the $100,000$ outstanding voting shares of Devine, Incorporated, for $$7\mathrm{.}70$ per share on January $1,2023.$ The remaining $20$ percent of Devine$$s shares also traded actively at $$7\mathrm{.}70$ per share before and after Holtz$$s acquisition. An appraisal made on that date determined that all book values appropriately reflected the fair values of Devine$$s underlying accounts except that a building with a $5-$year future life was undervalued by $$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.$

Following are the separate financial statements for the year ending December $31,2024$:

Accounts Holtz Corporation Devine, Incorporated

Sales $ $(760,000)$ $ $(365,250)$

Cost of goods sold $234,000133,000$

Operating expenses $319,000107,250$

Dividend income $(16,000)0$

Net income $ $(223,000)$ $ $(125,000)$

Retained earnings, $1/1/24$ $ $(709,000)$ $ $(360,000)$

Net income $($above$)(223,000)(125,000)$

Dividends declared $90,00020,000$

Retained earnings, $12/31/24$ $ $(842,000)$ $ $(465,000)$

Current assets $ $166,000$ $ $199,000$

Investment in Devine, Incorporated $616,0000$

Buildings and equipment $($net$)905,000389,000$

Trademarks $160,000226,000$

Total assets $ $1,847,000)$ $ $814,000$

Liabilities $ $(685,000)$ $ $(249,000)$

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

Retained earnings, $12/31/24($above$)(842,000)(465,000)$

Total liabilities and equities $ $(1,847,000)$ $ $(814,000)$

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

Required:

a$.$ Prepare a worksheet to consolidate these two companies as of December $31,2024.$

b$.$ Prepare a $2024$ consolidated income statement for Holtz and Devine.

c$.$ If instead the noncontrolling interest shares of Devine had traded for $$5\mathrm{.}46$ surrounding Holtz$$s acquisition date, what is the impact on goodwill?