The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.60 per share on January 1, 2020. The remaining 20 percent of Devine's shares also traded actively at $6.60 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 $68,000 and a fully amortized trademark with an estimated 10 year remaining life had a $79,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $210,000 Following are the separate financial statements for the year ending December 31, 2021: Holta Devine, Corporation Inc. Sales $ (730,000) $ (481,250) Cost of goods sold 238,000 161,000 Operating expenses 313,000 134,250 Dividend income (16,000) 0 Net Income $ 195,000) $(186,000) Retained earnings, 1/1/21 $(770,000) 5 (280,000) Net Income (above), (195,000) (186,000) Dividends declared 60.000 20,000 Retained earnings, 12/31/21 $ (905,000) 5 (446,000) Current anseta 164,500 $ 160,000 Investment in Devine, Inc. 528,000 huildings and equipment (net) 915,000 484,000 Trademarks 175,000 191.000 Total Assets $1,782,500 $ 835,000 Liabilities $ (557,500) $289,000) Common stock (320,000) (100,000) Retained earnings, 12/31/21 (above) (905,000 446,00D Total liabilities and equities $(1,782,500) 5(835,000) 0 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