At the start of the current year, SBC Corp. purchased 25% of Sky Tech Inc. for $29 million. At the time of purchase, the carrying value of Sky Tech's net assets was $60 million. The fair value of Sky Tech's depreciable assets was $16 million in excess of their book value. For this year. Sky Tech reported a net income of $60 million and declared and paid $16 million in dividends The amount of purchased goodwill is: Multiple Choice $10 million $13 million $45 million