Check my work 1 1.33 points Skipped eloon Hint Mini-Exercise 6-7 (Algo) Goodwill LO 6-9 Backstreets Company recently acquired all of Jungleland Incorporated's net assets in a business acquisition. The cash purchase price was $9.6 million. Jungleland's assets and liabilities had the following appraised values immediately prior to the acquisition: land, $3.0 million; buildings, $4.7 million; inventory, $3.5 million; long-term notes payable, for which Backstreets Company assumes payment responsibilities, $2.8 million. Required: How much goodwill will result from this transaction? Note: Enter your answer in whole dollars. Print References Goodwil Prev 1 of 15 Next >