The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $7.60 per share on January 1, 2017. The remaining 20 percent of Devine's shares also traded actively at $760 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 $72,500 and a fully amortized trademark with an estimated 10-year remaining life had a $77,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $348,500 Following are the separate financial statements for the year ending December 31, 2018: Holtz Devine Inc. Corporation $ (614,000) 216,000 251,000 16,000 (163,000) Sales Cost of goods sold Operating expenses Dividend income (408,250) 174,000 122,250 Net income (112,000) Retained earnings, 1/1/18 Net income (above) Dividends declared (418,500) (112,000) 20,000 $ (795,000) (510,500) $ (712,0) (163,000) 80,000 Retained earnings, 12/31/18 Current assets Investment in Devine, Inc Buildings and equipment (net) Trademarks $ 322,000385 5aa 608,000 710,000 189,000 $ 1,829,000 436,000 142,000 $ 883,500 Total assets Liabilities Common stock Retained earnings, 12/31/18 (above) $ (714,000) 329,080 510,598) $ (1,829,00) (883,500) $ (273,000) (100,000) 510,500 Total liabilities and equities At year-end, there were no intra-entity receivables or payables. a. Prepare a worksheet to consolidate these two companies as of December 31, 2018. b. Prepare a 2018 consolidated income statement for Holtz and Devine c. If instead the noncontrolling interest shares of Devine had traded for $5.98 surrounding Holtz's acquisition date, what is the impact on goodwill