The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.10 per share on January 1, 2020. The remaining 20 percent of Devine's shares also traded actively at $6.10 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 $67,500 and a fully amortized trademark with an estimated 10-year remaining life had a $61,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $149,500. Following are the separate financial statements for the year ending December 31, 2021: Sales. Cost of goods sold Holtz Corporation $ (708,000) 237,000 Devine, Inc. Operating expenses 311,000 Dividend income (16,000) $ (350,250) 116,000 74,250 Net income $ (176,000) $ (160,000) Retained earnings, 1/1/21 $ (736,000) $ (219,500) Net income (above) (176,000) Dividends declared 90,000 (160,000) 20,000 Retained earnings, 12/31/21 (822,000) $ (359,500) Current assets Investment in Devine, Inc. Buildings and equipment (net) Trademarks Total assets Liabilities Common stock Retained earnings, 12/31/21 (above) Total liabilities and equities $ 1,699,000 (557,000) (320,000) (822,000) $ (1,699,000) 350,000 210,000 $ 735,500 $ (276,000) (100,000) (359,500) $ (735,500) $ 139,000 $ 175,500 488,000 892,000 180,000 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 $3.78 surrounding Holtz's acquisition date, what is the impact on goodwill?