The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Incorporated, for $7.00 per share on January 1, 2023. The remaining 20 percent of Devine's shares also traded actively at $7.00 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 $65,000 and a fully amortized trademark with an estimated 10-year remaining life had a $73,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $237,000. Following are the separate financial statements for the year ending December 31, 2024: Accounts Sales Cost of goods sold Operating expenses Dividend income Net income Retained earnings, 1/1/24 Net income (above) Dividends declared Retained earnings, 12/31/24 Current assets Investment in Devine, Incorporated Buildings and equipment (net) Trademarks Total assets Liabilities Common stock Retained earnings, 12/31/24 (above) Total liabilities and equities Holtz Corporation $ (728,000) 232,000 334,000 (16,000) $ (178,000) $ (776,000) (178,000) 70,000 $ (884,000) $ 402,000 560,000 790,000 152,000 $ 1,904,000) $ (700,000) (320,000) (884,000) $ (1,904,000) At year-end, there were no intra-entity receivables or payables. Required: Devine, Incorporated $ (304,000) 136,000 74,000 $ (94,000) $ (307,000) (94,000) 20,000 $ (381,000) $ 179,000 323,000 225,000 $ 727,000 $ (246,000) (100,000) (381,000) $ (727,000) a. Prepare a worksheet to consolidate these two companies as of December 31, 2024. b. Prepare a 2024 consolidated Income statement for Holtz and Devine. c. If Instead the noncontrolling Interest shares of Devine had traded for $4.75 surrounding Holtz's acquisition date, what is the impact on goodwill?