Extracts from the Statement of Financial Position of Holiva Plc and Long Gear Plc as at 31/12/2010 are as follows: Holiva Plc Long Gear Plc $ $ Share Capital Ordinary share at $ 1.00 each 180,000 60,000 Accumulated Reserves 48,000 24,000 228,000 84,000 The entire share capital of Long Gear Plc was acquired when the accumulated reserves was $18 million. Cost of Acquisition was $ 88 million. Required: Calculate the goodwill