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Company A purchased Company B for $15,000,000. Company B had the following appraised values immediately prior to the acquisition: Inventory $1,500,000, Land $3,000,000, Buildings $9,500,000,

Company A purchased Company B for $15,000,000. Company B had the following appraised values immediately prior to the acquisition: Inventory $1,500,000, Land $3,000,000, Buildings $9,500,000, Notes Payable $2,500,000. How much goodwill will result from this transaction? Show your work.

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