The Holtz Corporation acquired $80$ percent of the $100,000$ outstanding voting shares of Devine, Inc., for $$7\mathrm{.}15$ per share on January $1,2020.$ The remaining $20$ percent of Devine's shares also traded actively at $$7\mathrm{.}15$ 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 $$75,500$ and a fully amortized trademark with an estimated $10-$year remaining life had a $$63,000$ fair value. At the acquisition date, Devine reported common stock of $$100,000$ and a retained earnings balance of $$309,500.$

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

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

a$.$ Prepare a worksheet to consolidate these two companies as of December $31,2021.$

b$.$ Prepare a $2021$ consolidated income statement for Holtz and Devine.

c$.$ If instead the noncontrolling interest shares of Devine had traded for $$5\mathrm{.}48$ surrounding Holtz's acquisition date, what is the impact on goodwill?

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