The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.10 per share on January 1 2017. The remaining 20 percent of Devine's shares also traded actively at $6.10 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 $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, 2018 Devine Inc. Holtz Corporation $ (708,000)$(350,250) Sales Cost of goods sold Operating expenses Dividend income 237,000 311,000 16,000) 116,000 74,250 Net income $ (176,000) (160,000) Retained earnings, 1/1/18 Net income (above) Dividends declared $ (736,000) (219,500) 176,000) 90,000 (160,000) 20,000 $ (822,000) (359,500) Retained earnings, 12/31/18 Current assets Investment in Devine, Inc Buildings and equipment (net) Trademarks $ 139,000 488,000 892,000 180,000 1,699,000 175,500 350,000 210,000 $ 735,500 (557,000)(276,000) Total assets Liabilities Common stock Retained earnings, 12/31/18 (above) (320,000) (100,000) (822,000(359,500) Total 1iabilities 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, 2018 b. Prepare a 2018 consolidated income statement for Holtz and Devine c. If instead the noncontrolling interest shares of Devine had traded for $3.78 surrounding Holtz's acquisition date, what is the impact on goodwill