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 devine’s shares also traded actively at $7.10 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 $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: holtzcorporation 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 holtz’s acquisition date, what is the impact on goodwill?