Assume Haledan Co. paid $18 million to purchase BelAir Industries. Assume further that BelAir Industries had the following summarized data at the time of the Haledan Co. acquisition (amounts in millions). : (Click the icon to view the data.) 1 Data Table BelAir Industries' current assets had a current market value of $12 million, long-term assets had a current market value of only $21 million, and liabilities had a market value of $25 million. Read the requirements BelAir Industries Requirement 1. Compute the cost of the goodwill purchased by Haledan Co. (Enter amounts in millions.) Cost of goodwill purchased: Millions Assets Current assets........$ 25 Liabilities and Equity 12 Total liabilities..........$ 25 Stockholders' equity..... - 37 Market value of BelAir Industries' net assets: Long-term assets..... $ Less: [Print [Done Requirement 2. Journalize Haledan Co.'s purchase of BelAir Industries. (Record debits first, then credits. Exclude explanations from any journal entries. Enter amounts in millions as provided to you in the problem statement.) Journal Entry Accounts Debit Credit Millions Requirement 3. Explain how Haledan Co. will account for goodwill. Haledan Co. will determine whether the goodwill that Haledan Co. purchased has been impaired in value. If the goodwill's value has not been impaired, If the goodwill's value has been impaired, Choose from any list or enter any number in the input fields and then continue to the next