The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.10 per share on January 1, 2014. The remaining 20 percent of Devines shares also traded actively at $6.10 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 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, 2015: Holtz Corporation Devine, Inc. Sales $ (708,000 ) $ (350,250 ) Cost of goods sold 237,000 116,000 Operating expenses 311,000 74,250 Dividend income (16,000 ) 0 Net income $ (176,000 ) $ (160,000 ) Retained earnings, 1/1/15 $ (736,000 ) $ (219,500 ) Net income (above) (176,000 ) (160,000 ) Dividends declared 90,000 20,000 Retained earnings, 12/31/15 $ (822,000 ) $ (359,500 ) Current assets $ 139,000 $ 175,500 Investment in Devine, Inc 488,000 0 Buildings and equipment (net) 892,000 350,000 Trademarks 180,000 210,000 Total assets $ 1,699,000 $ 735,500 Liabilities $ (557,000 ) $ (276,000 ) Common stock (320,000 ) (100,000 ) Retained earnings, 12/31/15 (above) (822,000 ) (359,500 ) Total liabilities 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, 2015. (For accounts