The Holtz Corporation acquired $80$ percent of the $100,000$ outstanding voting shares of Devine, Inc., for $$7\mathrm{.}00$ per share on January $1,2020.$ The remaining $20$ percent of Devine$$s shares also traded actively at $$7\mathrm{.}00$ per share before and after Holtz$$s acquisition. An appraisal made on that date determined that all book values appropriately reflected the fair values of Devine$$s underlying accounts except that a building with a $5-$year future life was undervalued by $$65,000$ and a fully amortized trademark with an estimated $10-$year remaining life had a $$73,000$ fair value. At the acquisition date, Devine reported common stock of $$100,000$ and a retained earnings balance of $$237,000.$

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

Holtz

Corporation Devine,

Inc.

Sales $ $(728,000)$ $ $(304,000)$

Cost of goods sold $232,000136,000$

Operating expenses $334,00074,000$

Dividend income $(16,000)0$

Net income $ $(178,000)$ $ $(94,000)$

Retained earnings, $1/1/21$ $ $(776,000)$ $ $(307,000)$

Net income $($above$)(178,000)(94,000)$

Dividends declared $70,00020,000$

Retained earnings, $12/31/21$ $ $(884,000)$ $ $(381,000)$

Current assets $ $402,000$ $ $179,000$

Investment in Devine, Inc. $560,0000$

Buildings and equipment $($net$)790,000323,000$

Trademarks $152,000225,000$

Total assets $ $1,904,000$ $ $727,000$

Liabilities $ $(700,000)$ $ $(246,000)$

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

Retained earnings, $12/31/21($above$)(884,000)(381,000)$

Total liabilities and equities $ $(1,904,000)$ $ $(727,000)$

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 $$4\mathrm{.}75$ surrounding Holtz$$s acquisition date, what is the impact on goodwill?