The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $7.10 per share on January 1, 2017. The remaining 20 percent of Devines shares also traded actively at $7.10 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 future life was undervalued by $50,000 and a fully amortized trademark with an estimated 10-year remaining life had a $80,000 fair value. At the acquisition date, Devine reported common stock of $100,000 and a retained earnings balance of $292,000.

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

	Holtz Corporation				Devine, Inc.
Sales	$	(761,000	)		$	(396,750	)
Cost of goods sold		267,000				124,000
Operating expenses		258,000				114,750
Dividend income		(16,000	)			0
Net income	$	(252,000	)		$	(158,000	)
Retained earnings, 1/1/18	$	(744,000	)		$	(362,000	)
Net income (above)		(252,000	)			(158,000	)
Dividends declared		80,000				20,000
Retained earnings, 12/31/18	$	(916,000	)		$	(500,000	)
Current assets	$	294,000			$	161,000
Investment in Devine, Inc		568,000				0
Buildings and equipment (net)		810,000				483,000
Trademarks		164,000				180,000
Total assets	$	1,836,000			$	824,000
Liabilities	$	(600,000	)		$	(224,000	)
Common stock		(320,000	)			(100,000	)
Retained earnings, 12/31/18 (above)		(916,000	)			(500,000	)
Total liabilities and equities	$	(1,836,000	)		$	(824,000	)

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 $5.22 surrounding Holtzs acquisition date, what is the impact on goodwill?