The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $7.95 per share on January 1, 2017. The remaining 20 percent of Devines shares also traded actively at $7.95 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 $53,500 and a fully amortized trademark with an estimated 10-year remaining life had a $68,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $385,500.

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

	Holtz Corporation				Devine, Inc.
Sales	$	(675,000	)		$	(347,500	)
Cost of goods sold		209,000				115,000
Operating expenses		293,000				106,500
Dividend income		(16,000	)			0
Net income	$	(189,000	)		$	(126,000	)
Retained earnings, 1/1/18	$	(719,000	)		$	(455,500	)
Net income (above)		(189,000	)			(126,000	)
Dividends declared		70,000				20,000
Retained earnings, 12/31/18	$	(838,000	)		$	(561,500	)
Current assets	$	165,500			$	295,500
Investment in Devine, Inc		636,000				0
Buildings and equipment (net)		782,500				414,000
Trademarks		104,000				190,000
Total assets	$	1,688,000			$	899,500
Liabilities	$	(530,000	)		$	(238,000	)
Common stock		(320,000	)			(100,000	)
Retained earnings, 12/31/18 (above)		(838,000	)			(561,500	)
Total liabilities and equities	$	(1,688,000	)		$	(899,500	)

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 $6.07 surrounding Holtzs acquisition date, what is the impact on goodwill?