E7-34A (similar to) Assume Caltron Company paid $16 million to acquire Birthright Industries. Assume further that Birthright had the following summarized data at the time of the Caltron acquisition (amounts in millions) Click the icon to view the data.) Birthright's current assets had a current market value of $15 million, long-term assets had a current market value of only $17 million, and liabilities had a market value of $25 million Read the requirements Requirement 1. Compute the cost of goodwill purchased by Caltron Company. (Enter amounts in millions.) Cost of goodwill purchased: - Data Table Mimons X Loss Birthright Industries Assets Liabilities and Equity Current assets .......$ 15 Total liabilities............ Long-term assets. 22 Stockholders' equity..... 25 Cost of goodwill Print Done