The Holtz Corporation acquired $80$ percent of the $100,000$ outstanding voting shares of Devine, Inc., for $$7\mathrm{.}90$ per share on January $1,2020.$ The remaining $20$ percent of Devine's shares also traded actively at $$7\mathrm{.}90$ 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 $$49,500$ and a fully amortized trademark with an estimated $10-$year remaining life had a $$78,000$ fair value. At the acquisition date, Devine reported common stock of $$100,000$ and a retained earnings balance of $$343,500.$

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