The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.80 per share on January 1, 2020. The remaining 20 percent of Devines shares also traded actively at $6.80 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 $84,000 and a fully amortized trademark with an estimated 10-year remaining life had a $81,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $254,000.

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

	Holtz Corporation				Devine, Inc.
Sales	$	(751,000	)		$	(409,250	)
Cost of goods sold		249,000				177,000
Operating expenses		287,000				128,250
Dividend income		(16,000	)			0
Net income	$	(231,000	)		$	(104,000	)
Retained earnings, 1/1/21	$	(753,000	)		$	(324,000	)
Net income (above)		(231,000	)			(104,000	)
Dividends declared		80,000				20,000
Retained earnings, 12/31/21	$	(904,000	)		$	(408,000	)
Current assets	$	147,000			$	186,000
Investment in Devine, Inc.		544,000				0
Buildings and equipment (net)		900,000				405,000
Trademarks		147,000				145,000
Total assets	$	1,738,000			$	736,000
Liabilities	$	(514,000	)		$	(228,000	)
Common stock		(320,000	)			(100,000	)
Retained earnings, 12/31/21 (above)		(904,000	)			(408,000	)
Total liabilities and equities	$	(1,738,000	)		$	(736,000	)

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 $5.19 surrounding Holtzs acquisition date, what is the impact on goodwill?