Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $11,500,000 in cash. The book values and fair values of Premium Meats' assets and liabilities were: Accounts Receivable Equipment Patents Notes Payable Het assets Book Value Fair value 5 1,550,000 $ 1,350,000 3,250,000 1.650.000 250,000 1,450,000 (2.200,000) (2,200,0001 57,850,000 510.250.000 Required: 1. Calculate the amount Fresh Cut should report for goodwill. (Enter your answer in millions rounded to 2 decimal places (.e. $5,500,000 should be entered as 5.50).) Goodwill milion 2. Record Fresh Cut's acquisition of Premium Meats. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions rounded to 2 decimal places (.e.,5,650,000 should be entered as 5.55)) View transaction et