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6 Exercise 7-6A Calculate the amount of goodwill (L07-2) 58 nts Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for

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6 Exercise 7-6A Calculate the amount of goodwill (L07-2) 58 nts Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $32,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows: Skipped Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $12,600,000 25,200,000 4,200,000 8,000,000 15,000,000 Fair Value $15,600,000 31,200,000 5,200,000 8,000,000 14,000,000 eBook Hint Print Required: References Calculate the amount paid for goodwill. (Enter your answer in millions (ie. 5,000,000 should be entered as 5).) Amount paid for goodwill milion

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