The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $7.90 per share on January 1, 2020. The remaining 20 percent of Devines shares also traded actively at $7.90 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 future life was undervalued by $49,500 and a fully amortized trademark with an estimated 10-year remaining life had a $78,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $343,500.

Following are the separate financial statements for the year ending December 31, 2021:

	Holtz Corporation				Devine, Inc.
Sales	$	(740,000	)		$	(291,750	)
Cost of goods sold		235,000				121,000
Operating expenses		327,000				78,750
Dividend income		(16,000	)			0
Net income	$	(194,000	)		$	(92,000	)
Retained earnings, 1/1/21	$	(790,000	)		$	(413,500	)
Net income (above)		(194,000	)			(92,000	)
Dividends declared		90,000				20,000
Retained earnings, 12/31/21	$	(894,000	)		$	(485,500	)
Current assets	$	293,000			$	160,500
Investment in Devine, Inc.		632,000				0
Buildings and equipment (net)		685,000				486,000
Trademarks		169,000				175,000
Total assets	$	1,779,000			$	821,500
Liabilities	$	(565,000	)		$	(236,000	)
Common stock		(320,000	)			(100,000	)
Retained earnings, 12/31/21 (above)		(894,000	)			(485,500	)
Total liabilities and equities	$	(1,779,000	)		$	(821,500	)

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

Prepare a worksheet to consolidate these two companies as of December 31, 2021.

Prepare a 2021 consolidated income statement for Holtz and Devine.

If instead the noncontrolling interest shares of Devine had traded for $5.71 surrounding Holtzs acquisition date, what is the impact on goodwill?