Facts and Requirements On January 1, 2021, Peerless Company buys 80% of the voting stock of Superb Inc. for $120 million in cash. The total fair value of the noncontrolling interest is $19 million. Before the acquisition, the trial balance of each company (in millions) at January 1, 2021, along with the fair value of Superb assets and liabilities and and their remaining useful lives. is: Useful Lives Trial Balance Superb Peerless Superb Fair Value 196 9 9 25 26 38 14 21 16 (29) (7) (7) (38) (8) (8) (168) (41) Current assets Property and equipment, net Intangible assets Current liabilities Long-term debt Equity Total 6 years 5 years Requirements: 1. 2. 3. Calculate total goodwill generated by the acquisition. Calculate goodwill to the controlling interest. Calculate goodwill to the non controlling interest