Assume Haludan Company paid $16 million to acquire BonJoy Industries. Assume further that BonJoy had the following summarized data at the time of the Holedan acquisition (amounts in millions): (Click the icon to view the data) BonJoy's current assets had a current market value of $12 million, long-term assets had a current market value of only 524 million, and liabilities had a market value of $25 million Read the requirements Requirement 1. Compute the cost of goodwill purchased by Haledan Company. (Enter amount Cost of goodwill purchased: Millions Requirements 1. Compute the cost of goodwill purchased by Haledan Company 2. Journalice Haledan's purchase of BonJoy Industries 3. Explain how Haledan will account for goodwill Less Cost of goodwill Print Done Data Table - X Assets Current assets Longform anses BonJoy Industries Llabilities and Equity 5 12 Total liabilities 5 28 Stockholders equity 25 15 40 5 40 5 Check