The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Incorporated, for $7.20 per share on January 1, 2023. The remaining 20 percent of Devine's shares also traded actively at $7.20 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 $85,500 and a fully amortized trademark with an estimated 10-year remaining life had a $64,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $226,500. =ollowing are the separate financial statements for the year ending December 31, 2024: check my work \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline Retainod earnings, 12/31/24 & $ & (878,000) & $ & (373,500) & & " & & \\ \hline Current assets & $ & 121,000 & $ & 120,500 & & L & -1 & \\ \hline Investment in Devine, Incorporated & & 576,000 & & 0 & & & & \\ \hline Buildings and equipment (net) & & 887,000 & & 335,000 & & & & + \\ \hline Trademarks & & 149,000 & & 236,000 & & & & \\ \hline Goodwill & & 0 & & of & & & & \\ \hline Total assets & $ & 1,733,000 & $ & 691,500 & & & & \\ \hline Liabilities & $ & (535,000) & s & (216,000) & & & & \\ \hline Common stock & & (320,000) & & (100,000) & & & & \\ \hline Rotained earnings, 12/31/24 (abovo) & & (878,000) & 2 & (373,500) & & & & \\ \hline \multicolumn{9}{|l|}{ Noncontrolling interest in Devine, 1/1} \\ \hline Noncontrolling interest in Devine, 12/31 & & & & & & & 0 & \\ \hline Total liabilities and equities & s & (1,233.000)1 & s & (601.500) & 0 & 50 & & \\ \hline \end{tabular} Required A Required B Note: Enter all amounts as positive values. HOLTZ CORPORATION AND DEVINE, INCORPORATED Consolidated Income Statement For Year Ending December 31, 2024 \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total expenses & & \\ \hline To Honcontrolling interest & & \\ \hline \end{tabular} Required A Requ If instead the noncontrolling interest shares of Devine had traded for $4.76 surrounding Holtz's acquisition date, what is impact on goodwill? The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Incorporated, for $7.20 per share on January 1, 2023. The remaining 20 percent of Devine's shares also traded actively at $7.20 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 $85,500 and a fully amortized trademark with an estimated 10-year remaining life had a $64,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $226,500. =ollowing are the separate financial statements for the year ending December 31, 2024: check my work \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline Retainod earnings, 12/31/24 & $ & (878,000) & $ & (373,500) & & " & & \\ \hline Current assets & $ & 121,000 & $ & 120,500 & & L & -1 & \\ \hline Investment in Devine, Incorporated & & 576,000 & & 0 & & & & \\ \hline Buildings and equipment (net) & & 887,000 & & 335,000 & & & & + \\ \hline Trademarks & & 149,000 & & 236,000 & & & & \\ \hline Goodwill & & 0 & & of & & & & \\ \hline Total assets & $ & 1,733,000 & $ & 691,500 & & & & \\ \hline Liabilities & $ & (535,000) & s & (216,000) & & & & \\ \hline Common stock & & (320,000) & & (100,000) & & & & \\ \hline Rotained earnings, 12/31/24 (abovo) & & (878,000) & 2 & (373,500) & & & & \\ \hline \multicolumn{9}{|l|}{ Noncontrolling interest in Devine, 1/1} \\ \hline Noncontrolling interest in Devine, 12/31 & & & & & & & 0 & \\ \hline Total liabilities and equities & s & (1,233.000)1 & s & (601.500) & 0 & 50 & & \\ \hline \end{tabular} Required A Required B Note: Enter all amounts as positive values. HOLTZ CORPORATION AND DEVINE, INCORPORATED Consolidated Income Statement For Year Ending December 31, 2024 \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total expenses & & \\ \hline To Honcontrolling interest & & \\ \hline \end{tabular} Required A Requ If instead the noncontrolling interest shares of Devine had traded for $4.76 surrounding Holtz's acquisition date, what is impact on goodwill