The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.10 per share on January 1, 2014. The remaining 20 percent of Devines shares also traded actively at $6.10 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 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, 2015:

		Holtz Corporation				Devine, Inc.
Sales		$	(708,000	)		$	(350,250	)
Cost of goods sold			237,000				116,000
Operating expenses			311,000				74,250
Dividend income			(16,000	)			0
Net income		$	(176,000	)		$	(160,000	)
Retained earnings, 1/1/15		$	(736,000	)		$	(219,500	)
Net income (above)			(176,000	)			(160,000	)
Dividends declared			90,000				20,000
Retained earnings, 12/31/15		$	(822,000	)		$	(359,500	)
Current assets		$	139,000			$	175,500
Investment in Devine, Inc			488,000				0
Buildings and equipment (net)			892,000				350,000
Trademarks			180,000				210,000
Total assets		$	1,699,000			$	735,500
Liabilities		$	(557,000	)		$	(276,000	)
Common stock			(320,000	)			(100,000	)
Retained earnings, 12/31/15 (above)			(822,000	)			(359,500	)
Total liabilities and equities		$	(1,699,000	)		$	(735,500	)

At year-end, there were no intra-entity receivables or payables.

A. Prepare a worksheet to consolidate these two companies as of December 31, 2015. B. Prepare a 2015 consolidated income statement for Holtz and Devine. C. If instead the noncontrolling interest shares of Devine had traded for $3.78 surrounding Holtzs acquisition date, what is the impact on goodwill?