The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.40 per share on January 1, 2017. The remaining 20 percent of Devines shares also traded actively at $6.40 per share before and after Holtzs acquisition. An appraisal made on that date determined that all book values appropriately reflected the fair values of Devines underlying accounts except that a building with a 5-year future life was undervalued by $62,000 and a fully amortized trademark with an estimated 10-year remaining life had a $67,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $260,000. Following are the separate financial statements for the year ending December 31, 2018: Holtz Corporation Devine, Inc. Sales $ (787,000 ) $ (392,000 ) Cost of goods sold 282,000 105,000 Operating expenses 346,000 117,000 Dividend income (16,000 ) 0 Net income $ (175,000 ) $ (170,000 ) Retained earnings, 1/1/18 $ (727,000 ) $ (330,000 ) Net income (above) (175,000 ) (170,000 ) Dividends declared 50,000 20,000 Retained earnings, 12/31/18 $ (852,000 ) $ (480,000 ) Current assets $ 379,500 $ 162,000 Investment in Devine, Inc 512,000 0 Buildings and equipment (net) 785,000 422,000 Trademarks 148,000 206,000 Total assets $ 1,824,500 $ 790,000 Liabilities $ (652,500 ) $ (210,000 ) Common stock (320,000 ) (100,000 ) Retained earnings, 12/31/18 (above) (852,000 ) (480,000 ) Total liabilities and equities $ (1,824,500 ) $ (790,000 ) At year-end, there were no intra-entity receivables or payables. Prepare a worksheet to consolidate these two companies as of December 31, 2018. Prepare a 2018 consolidated income statement for Holtz and Devine. If instead the noncontrolling interest shares of Devine had traded for $4.89 surrounding Holtzs acquisition date, what is the impact on goodwill?