During the current year, Compton Crate Corporation acquired all of the outstanding common stock of Little Lacy Ltd. (LLL), paying $60 million in cash. Compton recorded the assets acquired as follows: Accounts receivable Inventory Property, plant, and equipment Goodwill $ 5,500,000 18,000,000 45,500,000 22,000,000 The book value of LLL's assets and owners' equity before the acquisition were $50 million and $30 million, respectively. Required: Compute the fair value of LLL's liabilities that Compton assumed in the acquisition. Fair value of liabilities million