The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $7.70 per share on January 1, 2017. The remaining 20 percent of Devines shares also traded actively at $7.70 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 $81,000 and a fully amortized trademark with an estimated 10-year remaining life had a $75,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $290,000.

Following are the separate financial statements for the year ending December 31, 2018:

	Holtz Corporation				Devine, Inc.
Sales	$	(760,000	)		$	(365,250	)
Cost of goods sold		234,000				133,000
Operating expenses		319,000				107,250
Dividend income		(16,000	)			0
Net income	$	(223,000	)		$	(125,000	)
Retained earnings, 1/1/18	$	(709,000	)		$	(360,000	)
Net income (above)		(223,000	)			(125,000	)
Dividends declared		90,000				20,000
Retained earnings, 12/31/18	$	(842,000	)		$	(465,000	)
Current assets	$	166,000			$	199,000
Investment in Devine, Inc		616,000				0
Buildings and equipment (net)		905,000				389,000
Trademarks		160,000				226,000
Total assets	$	1,847,000			$	814,000
Liabilities	$	(685,000	)		$	(249,000	)
Common stock		(320,000	)			(100,000	)
Retained earnings, 12/31/18 (above)		(842,000	)			(465,000	)
Total liabilities and equities	$	(1,847,000	)		$	(814,000	)

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

Prepare a worksheet to consolidate these two companies as of December 31, 2018.

Prepare a 2018 consolidated income statement for Holtz and Devine.

If instead the noncontrolling interest shares of Devine had traded for $5.46 surrounding Holtzs acquisition date, what is the impact on goodwill?