Question: PLZ GIVE ME THE CORRECT ANSWERS IN A TABLE FORMAT. The Holtz Corporation acquired 8 0 percent of the 1 0 0 , 0 0

PLZ GIVE ME THE CORRECT ANSWERS IN A TABLE FORMAT. The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Incorporated, for \(\$ 7.70\) per share on January 1,2023. The remaining 20 percent of Devine's shares also traded actively at \(\$ 7.70\) 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 \(\$ 81,000\) and a fully amortized trademark with an estimated 10-year remaining life had a \(\$ 75,000\) fair value. At the acquisition date, Devine reported common stock of \(\$ 100,000\) and a retained earnings balance of \$290,000. Following are the separate financial statements for the year ending December 31,2024:Holtz CorporationDevine, Incorporated At year-end, there were no intra-entity receivables or payables.
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 $5.46 surrounding Holtz's acquisition date, what is the impact
on goodwill?
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Prepare a 2024 consolidated income statement for Holtz and Devine.
Note: Enter all amounts as positive values.
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 $5.46 surrounding Holtz's acquisition date, what is the impact
on goodwill?
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
If instead the noncontrolling interest shares of Devine had traded for $5.46 surrounding Holtz's acquisition date, what is the
impact on goodwill?
PLZ GIVE ME THE CORRECT ANSWERS IN A TABLE

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