The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.90 per share on January 1, 2020. The remaining 20 percent of Devine's shares also traded actively at $6.90 per share before and after Holtz's acquisition. An appralsal 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 $52,500 and a fully amortized trademark with an estimated 10 year remaining life had a $71,000 falr value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $249,500. Following are the separate financial statements for the year ending December 31, 2021: Devine, Inc. $(394,500) 154.990 79 500 Sales Cost of goods sold Operating expenses Dividend income $ Net income UAB Retained earnings, 1/1/21 Net income (above) Dividends declared Holtz Corporation (837,000) 292,300 324,900 (16,300) (237,000) $ (767, 999) (237 , 089) BOD90 (924,000 3231500 552 899 85,500 151,000 $ 1 884 999 $ (161,000) $(319,500) | 161 000 20 000 $ (460, 500) $ 253 500 a 498,000 195999 $ $ Retained earnings, 12/31/21 Current assets Investment in Devine, Inc. Buildings and equipment (net) Trademarks 856, 589 Total assets EN Liabilities Common stock Retained earnings, 12/31/21 (above) (649 809) 0320 1999). 0924, 000 $ (1,864,999) SK1296290 (180,00) 0460 Been $(856,90 Total liabilities and equities Noncontrolling Consolidated Interest Totals Accounts HOLT CORPORATION AND DEVINE MC Consolidation Worksheer For Year Ending December 31, 2021 Holtz Consolidation Entries Devine Inc. Corporation Debit Credit $ (837.000) $ (394,500) 292,000 154.000 324,000 79,500 (16,000) 0 $ (237 000) $ (161,000) $ 1,231,500 Sales Cost of goods sold Operating expenses Dividend income Separate company net income Consolidated net income Ni attributable to noncontrolling interest N attributable to Holtz Corp. Retained earnings, 1/1/21 Net income $ (767.000) S (319,500) (237,000) (161.000) 80 000 20.000 $ 1924.000) $ (460,500) Dividends declared Retained earnings, 12/31721 s Current assets Investment in Devine, Inc. Buildings and equipment (net) Trademarks 323 500 S 253,500 552 000 857.500 408.000 151 000 195.000 0 0 $ 1884.000 $ 856 500 Total assets Liabilities $ 298 000) $ (640.000) (320.000) 1924.000 920 000 (100.000) (460 500) Common stock Retained earnings 12/31/21 (above) NC) in Devine, 1/1 NCT in Devine, 12131 Total liabilities and equities $(1384 000) S (866,500) 0 5 Required A Required B Required c Prepare a 2021 consolidated income statement for Holtz and Devine. (Enter all amounts as positive values.) HOLTZ CORPORATION AND DEVINE, INC. Consolidated Income Statement For Year Ending December 31, 2021 0 Total expenses S 0 To noncontrolling interest To Holtz Corporation EA 0 Required A Required B Required C If instead the noncontrolling interest shares of Devine had traded for $4.73 surrounding Holtz's acquisition date, what is the impact on goodwill? Goodwill to