The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc. for $6.40 per share on January 1, 2017. The remaining 20 percent of Devine's shares also traded actively at $6.40 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 $62,000 and a fully amortized trademark with an estimated 10-year remaining life had a $67,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $260,000

The Holtz Corporatlon acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.40 per share on January 1, 2017. The remalning 20 percent of Devine's shares also traded actively at $6.40 per share before and after Holtz's acquisition. An appralsal made on that date determined that all book values appropriately reflected the falr values of Devine's underlying accounts except that a bulding with a 5-year future lfe was undervalued by $62,000 and a fully amortized trademark with an estimated 10-year remalning life had a $67,000 falr value. At the acquisltion date, Devine reported common stock of $100,000 and a retalned earnings balance of $260,000. Following are the separate financlal statements for the year ending December 31, 2018: Devine Corporation Inc. Sales Cost of goods sold Operating expenses Dividend income $ (787,888) (392,868) 282,888 346,888 (16,860) 185,808 117,800 Net income $ (175,808) $ (178,888) Retained earnings, 1/1/18 Net income (above) Dividends declared $ (727,8 (338,808) (175,898) 58,868 (178,888) 28,888 $ (852,880) $ 379,508 S (488,808) Retained earnings, 12/31/18 Current assets Investnent in Devine, Inc Buildings and equipment (net) s 162,868 512,888 785,888 422,808 148,888 286,ee8 $ 798,808 $ (216 , eee Trademarks $ 1,824,588 Total assets Liabilities Conmon stock Retained earnings, 12/31/18 (above) $ (652,588 (188,898) (852,80 (488.88) (328,808) Total liabilities and equities $ (1,824,588) $ (798,e80) At year-end, there were no Intra-entity recelvables or payables. a. Prepare a worksheet to consolidate these two companles as of December 31, 2018. b. Prepare a 2018 consoldated Income statement for Holtz and Devine lf Instead the noncontrolling interest shareG Of Devine had traded for $4.89 surrounding Holtz's acquisition date, what is the impact on goodwill