Assume Calway Company paid $19 million to acquire Bourne Industries. Assume further that Bourne had the following summarized data at the time of the Calway acquisition (amounts in millions): (Click the icon to view the data.) Bourne's current assets had a current market value of $17 million, long-term assets had a current market value of only $18 million, and liabilities had a market value of $22 million Read the requirements Requirement 1. Compute the cost of goodwill purchased by Calway Co Cost of goodwill purchased: Less Data table Bourne Industries Assets Liabilities and Equity Current assets $ 17 Total liabilities. $ 22 Long-term assets 19 14 Stockholders' equity $ 36 $ 36 Co Requirements Print Done 1. Compute the cost of goodwill purchased by Calway Company. 2. Journalize Calway's purchase of Bourne Industries 3. Explain how Calway will account for goodwill. Clane all Check answer.