The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.40 per share on January 1, 2020. 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. Following are the separate financial statements for the year ending December 31, 2021: Devine, Inc. $ (392,000) 105,000 117,000 0 Sales Cost of goods sold Operating expenses Dividend income Net income Retained earnings, 1/1/21 Net income (above) Dividends declared Retained earnings, 12/31/21 Current assets Investment in Devine, Inc. Buildings and equipment (net) Trademarks Holtz Corporation (787,000) 282,000 346,000 (16,000) $ (175,000) $ (727,000) (175,000) 50,000 $ (852,000) $ 379,500 512,000 785,000 148,000 $ 1,824,500 $ (170,000) $ (330,000) (170,000) 20,000 $ (480,000) $ 162,000 0 422,000 206,000 $ 790,000 Total assets Sales Cost of goods sold Operating expenses Dividend income Net income Retained earnings, 1/1/21 Net income (above) Dividends declared Retained earnings, 12/31/21 Current assets Investment in Devine, Inc. Buildings and equipment (net) Trademarks Total assets Liabilities Common stock Retained earnings, 12/31/21 (above) Total liabilities and equities Holtz Corporation $ (787,000) 282,000 346,000 (16,000) $ (175,000) $ (727,000) (175,000) 50,000 $ (852,000) $ 379,500 512,000 785,000 148,000 $ 1,824,500 $ (652,500) (320,000) (852,000) $(1,824,500) Devine, Inc. $ (392,000) 105,000 117,000 0 $ (170,000) $ (330,000) (170,000) 20,000 $ (480,000) $ 162,000 0 422,000 206,000 $ 790,000 $ (210,000) (100,000) (480,000) $ (790,000) At year-end, there were no intra-entity receivables or payables. a. Prepare a worksheet to consolidate these two companies as of December 31, 2021. b. Prepare a 2021 consolidated income statement for Holtz and Devine. c. If instead the noncontrolling interest shares of Devine had traded for $4.89 surrounding Holtz's acquisition date, what is the impact on goodwill